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Medicare Product Development information

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$42.5K

$127K

$144.5K

How much do medicare product development jobs pay per year?

As of Aug 19, 2026, the average yearly pay for medicare product development in the United States is $126,987.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,500.00 and $143,000.00 per year, depending on experience, location, and employer.

What is Medicare Product Development?

Medicare Product Development involves creating, enhancing, and managing health insurance plans specifically designed for Medicare beneficiaries. Professionals in this field analyze market trends, regulatory requirements, and customer needs to design products like Medicare Advantage and Medicare Supplement plans. They collaborate with cross-functional teams such as compliance, marketing, and actuarial departments to ensure products are competitive, compliant, and meet the evolving needs of seniors. Their work helps insurance companies offer attractive and effective health coverage options for people eligible for Medicare.

What are the key skills and qualifications needed to thrive in Medicare Product Development, and why are they important?

To thrive in Medicare Product Development, you need expertise in healthcare regulations, product management, and data analysis, often supported by a degree in healthcare administration, business, or a related field. Familiarity with CMS guidelines, market research tools, and product lifecycle management systems is typically required. Strong project management, communication, and problem-solving skills help professionals collaborate across teams and address complex regulatory challenges. These skills ensure compliant, competitive, and innovative Medicare products that meet both business objectives and beneficiary needs.

What are some common challenges faced by professionals in Medicare Product Development, and how can they be addressed?

One of the most common challenges in Medicare Product Development is keeping up with frequent regulatory changes and ensuring products remain compliant with CMS guidelines. Additionally, balancing market competitiveness with cost-effectiveness can be complex, as it requires ongoing analysis of competitor offerings and member needs. Success in this role often involves close collaboration with actuarial, compliance, and marketing teams to swiftly adapt to changes and develop innovative products. Staying informed through continuous learning and cross-functional teamwork is key to overcoming these challenges.

What is the difference between Medicare Product Development vs Medicare Underwriting?

AspectMedicare Product DevelopmentMedicare Underwriting
Primary FocusDesigning and creating new Medicare plans and productsAssessing risk and determining eligibility for Medicare plans
Required SkillsMarket research, product design, regulatory complianceRisk analysis, data evaluation, policy assessment
Work EnvironmentCollaborative teams with marketing, compliance, and actuarial departmentsAnalytical setting, often within insurance or health plans
CertificationsHealth insurance licenses, actuarial credentials (optional)Health insurance licenses, actuarial credentials (optional)

Medicare Product Development focuses on creating new Medicare plans, while Medicare Underwriting evaluates risks and eligibility. Both roles require knowledge of health insurance regulations and may involve similar certifications, but their core responsibilities differ significantly in scope and daily tasks.

More about Medicare Product Development jobs

What cities are hiring for Medicare Product Development jobs?

Cities with the most Medicare Product Development job openings:

What are the most commonly searched types of Medicare Product Development jobs?

The most popular types of Medicare Product Development jobs are:

What states have the most Medicare Product Development jobs?

States with the most job openings for Medicare Product Development jobs include:

What job categories do people searching Medicare Product Development jobs look for?

The top searched job categories for Medicare Product Development jobs are:

Medicare Product Development jobs near you
Infographic showing various Medicare Product Development job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $126,987 per year, or $61.1 per hour.

Pharmacy Product Project Manager - Hybrid/Remote

EmblemHealth

New York, NY • On-site, Remote

Full-time

Re-posted 22 days ago

EmblemHealth rating

9.2

Company rating: 9.2 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

21st of 310 rated insurance

Job description

Summary of Job

Serve as dedicated strategic resource to support Pharmacy product offerings and teams: support Internal Product Leads for pharmacy components, including the City of New York Account Team and Client, Medicare Product, Exchange/Essential Plan Product, Medicaid/CHP Product, and Fully Insured and ASO Commercial Client and Product Teams.  Build, maintain, and organize documentation of existing Product Offerings, options for the products and recommendations for future enhancements or changes.  Provide excellent internal and external customer service for clients, client account teams, and Product P&L Leads.  Collaborate on the development and lifecycle of pharmacy products, ensuring they meet market needs, achieve sales targets, and contribute to company success.  Oversee all stages of product development lifecycle from initiation to completion including from initial concept to post-launch activities, adapting strategies as needed and ensuring on-time, on-budget, and compliant delivery.  Conduct and aggregate thorough market research to identify opportunities, analyze trends, and understand client/member needs and trends.

Responsibilities

  • Collaborate with various teams, including Clinical Pharmacy, Pharmacy Operations, Product Leads, Account Management, Sales, Marketing, Regulatory, and Legal, to ensure alignment and successful product development, management, promotion and ongoing execution. 
  • Develop project plans for all aspects of assigned projects; manage all project activities; establish and lead cross functional project teams and status meetings; monitor and manage project scope, budget, forecast, resources, and deliverables within established timelines; maintain up-to-the-minute project action plans and serve as a resource to stakeholders. Provide timely, comprehensive project status reports, including budgets and timelines. 
  • Proactively identify significant project risks, develop mitigation strategies, escalate to leadership, and implement approved mitigation steps. 
  • Work to understand client, prospect, member, and market needs, analyzing competitors and their products. 
  • Collaborate with senior/departmental management and client groups/LOBs to evaluate ideas and incorporate product feedback during strategic development. 
  • Communicate product plans, progress, and performance to stakeholders. 
  • Strategic Planning: evaluate market trends, define product requirements, and manage product lifecycles. 
  • Product Development & Launch: contribute to product formulation, designing packaging, and leading launch strategies. 
  • Manage product launches, develop marketing and promotional materials, and support sales efforts. 
  • Regulatory Compliance: ensure all products adhere to regulatory standards, including packaging, labeling, and clinical trial documentation. 
  • Effectively communicate pharmacy product information to internal and external stakeholders. 
  • Manufacturing Oversight: work with technical teams and third-party manufacturers to ensure supply availability.  
  • Monitor product performance, build and maintain reports, analyze data, and make recommendations for improvements to optimize product success.

Qualifications

  • Bachelor's degree in business, healthcare or related field.
  • 5 - 8+ years of relevant, professional work experience  (Required) 
  • Strong understanding of pharmaceutical market dynamics and regulations  (Required) 
  • Proven experience in pharmaceutical project management, regulatory affairs, or product development  (Required) 
  • Expertise in GMP (Good Manufacturing Practices), GCP (Good Clinical Practices), and regulatory requirements (e.g., FDA, EMA)  (Required) 
  • Excellent communication skills (verbal, written, presentation, interpersonal) with all types/levels of audiences  (Required) 
  • Strong leadership, project management, risk management, and strategic thinking capabilities  (Required) 
  • Ability to work effectively in a cross-functional team environment  (Required) 
  • Proficiency in market research and analysis  (Required) 
  • Experience in product development and lifecycle management  (Required)
Additional Information
  • Requisition ID: 1000003107
  • Hiring Range: $77,760-$149,040

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