HealthLeaders Media September 30, 2022
Groups are applauding CMS for lowering premiums ahead of the upcoming Medicare open enrollment period.
The Biden administration announced it will lower premiums for Medicare Advantage (MA) plans in 2023, a decision backed groups like America’s Health Insurance Plans (AHIP) and Better Medicare Alliance (BMA).
Beneficiaries will see the projected average premium for MA plans decrease nearly 8%, from $19.52 in 2022 to $18 per month next year.
The announcement comes in the lead-up to the Medicare open enrollment period, which runs from October 15 to December 7. CMS said it projects enrollment will reach 31.8 million people in 2023.
The administration is also highlighting the effects of the new Inflation Reduction Act on Medicare prescription drug coverage, which includes...
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