Becker's Healthcare October 13, 2023
Rylee Wilson

Medicare open enrollment begins Oct. 15 and runs through Dec. 7. During this time, enrollees can make changes to their Medicare coverage for the upcoming year, such as switching between Medicare Advantage plans, switching from MA to traditional Medicare and choosing new supplemental coverage.

Here are five updates to note ahead of the open enrollment period:

  1. Premiums and deductibles for Medicare part B will increase slightly in 2024. Part B monthly premiums will increase by around 6 percent to $174.70, and annual deductibles will increase around 6 percent to $240. The average monthly premium for Medicare Advantage plans is projected to increase by less than $1 in 2024, according to CMS.
  2. Insurers are expanding their Medicare Advantage...

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Topics: Insurance, Medicare, Medicare Advantage
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