Healthcare Finance News July 29, 2022
CMS anticipates releasing the 2023 premium and cost-sharing information for 2023 Medicare Advantage and Part D plans in September.
The basic monthly premium for standard Medicare Part D coverage is decreasing in 2023, the Centers for Medicare and Medicaid Services announced today.
The average premium for drug coverage will be approximately $31.50 in 2023, compared to $32.08 in 2022, a 1.8% decrease.
WHY THIS MATTERS
CMS releases the projected average basic monthly Part D premium–calculated based on plan bids submitted to CMS–annually to help beneficiaries understand overall Part D premium trends before Medicare open enrollment.
Medicare open enrollment for coverage beginning January 1, 2023 will run from October 15 to December 7.
CMS anticipates releasing the 2023 premium and...
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