Post-Acute Advisor September 24, 2019
CMS announced September 24 that “Medicare Advantage [MA] premiums in 2020 are expected to decline 23% from 2018 while plan choices, benefits and enrollment continue to increase.” This average monthly premium will be the lowest rate in 13 years. Accompanying this announcement, for the first time in a decade, a new Medicare Plan Finder was launched on Medicare.gov.
CMS boasts the following advantages to the 2020 MA plans:
- The Medicare Advantage average monthly plan premium is expected to decrease 14% to $23.00 (estimated) in 2020 from an average of $26.87 in 2019. Since 2017, the average monthly Medicare Advantage premium has decreased by an estimated 27.9%. This is the lowest that the average monthly premium for a Medicare Advantage...
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Topics: CMS, Govt Agencies, Insurance, Medicare Advantage, Patient / Consumer, Payer, Payment Models, Provider