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November 07, 2019 at 01:35 PM
(Credit: Allison Bell/ALM)
Here’s a table that compares Medicare Advantage plan enrollees’ average annualized premiums payments with what workers in large group health plans are paying, on average, for their share of their group health premiums.
We calculated a “Medicare Advantage pricing power ratio” — what the average Medicare Advantage plan premiums are as a percentage of the average large-group plan premiums.
The employee cost figures come from the Medical Expenditure Panel Survey, which is conducted by the Agency for Healthcare Research and Quality at the U.S. Department of Human and Health Services. The “large group” cost figures here are the cost figures for employers with 1,000 or more employees, and for employees who have self-only coverage.
Alaska is missing because Alaska has no individual Medicare Advantage plans.
STATE |
Annualized Total Part C and D Premium |
Employees’ Share of Large Group Plan Premium |
Medicare Advantage Pricing Power Ratio |
| (For employers with 1,000 or more employees) | (Average 2020 Medicare Advantage premiums over 2018 large employer average) | ||
| Alabama | $506 | $1,451 | 34.86% |
| Arizona | $420 | $1,599 | 26.25% |
| Arkansas | $352 | $1,459 | 24.15% |
| California | $325 | $1,252 | 25.94% |
| Colorado | $394 | $1,333 | 29.52% |
| Connecticut | $561 | $1,551 | 36.18% |
| Delaware | $410 | $1,326 | 30.89% |
| District of Columbia | $715 | $1,783 | 40.11% |
| Florida | $215 | $1,473 | 14.57% |
| Georgia | $305 | $1,392 | 21.91% |
| Hawaii | $786 | $1,138 | 69.05% |
| Idaho | $603 | $1,250 | 48.24% |
| Illinois | $772 | $1,543 | 50.01% |
| Indiana | $395 | $1,295 | 30.48% |
| Iowa | $268 | $1,692 | 15.84% |
| Kansas | $638 | $1,356 | 47.08% |
| Kentucky | $424 | $1,832 | 23.17% |
| Louisiana | $584 | $1,503 | 38.84% |
| Maine | $393 | $1,507 | 26.05% |
| Maryland | $962 | $1,469 | 65.46% |
| Massachusetts | $931 | $1,771 | 52.58% |
| Michigan | $957 | $1,406 | 68.06% |
| Minnesota | $1,205 | $1,639 | 73.53% |
| Mississippi | $494 | $1,332 | 37.07% |
| Missouri | $386 | $1,417 | 27.23% |
| Montana | $827 | $1,127 | 73.42% |
| Nebraska | $249 | $1,366 | 18.26% |
| Nevada | $241 | $1,486 | 16.20% |
| New Hampshire | $466 | $1,519 | 30.68% |
| New Jersey | $481 | $1,357 | 35.44% |
| New Mexico | $681 | $1,734 | 39.26% |
| New York | $677 | $1,419 | 47.73% |
| North Carolina | $395 | $1,216 | 32.45% |
| North Dakota | $650 | $1,247 | 52.12% |
| Ohio | $717 | $1,708 | 41.97% |
| Oklahoma | $453 | $1,528 | 29.62% |
| Oregon | $976 | $1,400 | 69.74% |
| Pennsylvania | $797 | $1,314 | 60.64% |
| Rhode Island | $804 | $1,560 | 51.54% |
| South Carolina | $249 | $1,351 | 18.43% |
| South Dakota | $642 | $1,441 | 44.54% |
| Tennessee | $484 | $1,494 | 32.39% |
| Texas | $534 | $1,430 | 37.35% |
| Utah | $347 | $1,240 | 27.97% |
| Vermont | $647 | $1,374 | 47.12% |
| Virginia | $442 | $1,618 | 27.29% |
| Washington | $737 | $869 | 84.83% |
| West Virginia | $633 | $1,422 | 44.54% |
| Wisconsin | $799 | $1,552 | 51.48% |
| Wyoming | $732 | $1,183 | 61.88% |
| MINIMUM | $215 | $869 | 14.57% |
| MEDIAN | $548 | $1,421 | 37.2% |
| MAXIMUM | $1,205 | $1,832 | 84.8% |
| Source: The Centers for Medicare and Medicaid Services and the Agency for Healthcare Research and Quality MEPS Survey. | |||
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Resources
Medicare Advantage plan premium data tables for 2020 are available here.
