Utah Medicare Health Insurance Products by Domicile

Medicare Products by Domicile

State of domicile refers to the state in which an insurer's home office is located. An insurer can only be domiciled in one state.

Medicare Supplement by domicile. In Utah, Medicare Supplement coverage is divided relatively equally between domestic and foreign insurers. However, there are more foreign than domestic insurers. Seventy-seven foreign insurers account for nearly 50 percent of the market, with five domestic insurers covering the remaining 50 percent.

Medicare Products by Age and Gender

The number of individuals in Utah over the age of 65 continues to grow. Medicare products, such as Medicare Supplement policies, Medicare Advantage products, and Medicare Part D drug plans are specifically designed for this population, and provide an important type of health care coverage for older Utah residents.

Medicare Supplement membership by age and gender. Eighty-two commercial health insurers reported 53,783 members with Medicare Supplement coverage in Utah during 2007. Nearly all (98.6 percent) of the residents with coverage were over age 65. This probably due to Medicare's eligibility requirements, which requires most people to be age 65 or older in order to receive coverage. More women had Medicare Supplement coverage than men at every age bracket. This may simply be due to women's greater longevity (i.e., women tend to live longer than men).

Medicare Advantage membership by age and gender. Eleven commercial health insurers reported 47,509 members with Medicare Advantage coverage in Utah during 2007. Most (89.6 percent) of the residents with coverage were over age 65. This probably due to Medicare's eligibility requirements, which requires most people to be age 65 or older in order to receive coverage. More women had Medicare Advantage coverage than men at every age bracket. This may simply be due to women's greater longevity (i.e., women tend to live longer than men).

Medicare Part D membership by age and gender. Seventeen commercial health insurers reported 77,279 members with Medicare Part D Drug Plan coverage in Utah during 2007. Most (82.2 percent) of the residents with coverage were over age 65. This probably due to Medicare's eligibility requirements, which requires most people to be age 65 or older in order to receive coverage. More women had Medicare Supplement coverage than men at every age bracket, except for those under age 60. This may simply be due to women's greater longevity (i.e., women tend to live longer than men).