Becker's Healthcare September 27, 2024
Rylee Wilson

Average Medicare Advantage premiums and Medicare Part D premiums will decrease in 2024, CMS said Sept. 27.

The average Medicare Advantage monthly premium in 2025 will be $17, down from $18.23 in 2024, according to a CMS news release.

Here are 10 things to know:

  1. The average total Part D premium will decrease by $7.45 in 2025, to $46.50.
  2. The average stand-alone Part D plan premium will decrease slightly to $40. The average Part D premium for MA plans with prescription drug coverage will decrease by $2.06 to $13.50.
  3. A provision of the Inflation Reduction Act capping out-of-pocket prescription drug costs at $2,000 a year for Medicare beneficiaries takes effect in 2025.
  4. CMS...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: CMS, Govt Agencies, Insurance, Medicare, Medicare Advantage, Patient / Consumer
Related Articles:
CMS ending VBID model due to high costs
CMS ends value-based Medicare Advantage model: 5 things to know
Trends 2025: Medicare Advantage prospects strong despite challenges
How the Federal Government Could Push People Toward Medicare Advantage – And Replace Traditional Medicare
The pros and cons of Medicare Advantage plans - 2

Share This Article