Medicare Advantage Premiums Rising as Enrollees Opt for Lower Out-of-pocket Costs

KEY TAKEAWAYS

New research by eHealth analyzes trends in cost and plan selection among Medicare Advantage beneficiaries.

Of plans selected by eHealth enrollees during Medicare’s 2023 Annual Enrollment Period, the report found an increase in average premiums from $6 per month in 2022 to $9 in 2023.

For the first time since eHealth began tracking in 2018, demand in zero-dollar premium plans fell as 84% of eHealth enrollees chose plans without a monthly premium, compared to 87% in 2022.