Fierce Healthcare September 26, 2023
Expect premiums, benefits and plan choices for Medicare Advantage (MA) and the Medicare Part D prescription drug program to look similar in 2024, the Centers for Medicare & Medicaid Services (CMS) said Tuesday.
The average monthly plan premium for MA plans, which is projected to increase nearly 4%, will go up from $17.86 to $18.50, but, if enrollees choose to stay in their plan, they will likely not see any price increase, according to a press release. Ahead of Medicare’s open enrollment period beginning Oct. 15, CMS expects 73% of beneficiaries will not see a premium increase, while the number of plans and supplemental benefits will both increase.
“Today’s release shows that, as expected, people with Medicare...
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