The Centers for Medicare & Medicaid Services today released premium and cost information for Medicare Advantage and Part D prescription drug plans for the 2017 calendar year. The average Medicare Advantage premium will decrease by $1.19 to $31.40, while the average monthly premium for a basic Medicare Part D prescription drug plan will increase by $1.44 to $34, the agency estimates. The average number of MA plan choices per county is roughly unchanged from 2016, CMS said. It projects Medicare Advantage enrollment will climb for the seventh consecutive year in 2017 to 18.5 million, or 32% of Medicare beneficiaries. Open enrollment for 2017 Medicare health and drug plans begins Oct. 15.

Related News Articles

Headline
The Fund for Access to Inpatient Rehabilitation late yesterday announced that the government will settle backlogged Medicare inpatient rehabilitation facility…
Headline
The Medicare Payment Advisory Commission Friday issued its June report to Congress, which includes several recommendations approved by the panel during its…
Headline
The House Ways and Means Committee today held a hearing on “Pathways to Universal Health Coverage,” which debated various options to expand access to health…
Headline
The Centers for Medicare…
Headline
The U.S. Supreme Court today affirmed a D.C. Circuit Court decision that the Department of Health and Human Services violated the Medicare Act when it changed…
Headline
The Centers for Medicare…