The Medicare program currently serves 66.7 million beneficiaries with that number expected to grow to 80.3 million by 2033. Medicare supplement insurance will continue to be a popular option for a significant portion of these beneficiaries in providing health insurance benefits.
While the Medicare supplement market has experienced headwinds in recent years, it is anticipated that it will return to growth by 2026. This growth will allow carriers, reinsurers, agents, and product administrators to capitalize on this opportunity and provide this important coverage to beneficiaries.