CMS expects average Part D premium to decline in 2020

Jul 31, 2019 - 02:38 PM
cms-medicare-premiums-deductibles

The Centers for Medicare & Medicaid Services yesterday projected that the average basic premium for a Medicare Part D prescription drug plan will decline from $32.50 in 2019 to $30 in 2020. The projection is based on bids submitted by drug and health plans for basic drug coverage for the 2020 benefit year. CMS anticipates releasing premiums and costs for specific Medicare health and drug plans in mid-to-late September. Open enrollment for 2020 Medicare health and drug plans begins Oct. 15. CMS said it is redesigning the Medicare Plan Finder website so beneficiaries can more easily compare options and choose a plan. According to a report released yesterday by the Government Accountability Office, beneficiaries find the current website difficult to use and understand.

Related News Articles

Headline
CMS releases notice on pathway for expediting access to certain medical devices for Medicare beneficiaries
The Centers for Medicare & Medicaid Services Aug. 7 released a procedural notice on its new pathway to expedite access to certain Food and Drug…
Headline
District court rules AHA can file amicus brief in case challenging Aetna’s ‘level of severity’ policy
The U.S. District Court for the Eastern District of Pennsylvania Aug. 5 granted a motion for the AHA and the Hospital and Healthsystem Association of…
Headline
CMS issues hospital inpatient payment final rule for FY 2027
The Centers for Medicare & Medicaid Services today issued a final rule that would increase Medicare rates by a net 2.3% in fiscal year 2027, compared with…
Headline
CMS releases 2025 report on program audits, enforcement for Medicare Advantage, Part D 
The Centers for Medicare & Medicaid Services July 27 released its Contract Year 2025 Part C and Part D Program Audit and Enforcement Report, outlining key…
Headline
CMS posts updated FAQ on PAMA clinical laboratory private payer data reporting 
The Centers for Medicare & Medicaid Services has released an updated FAQ on Protecting Access to Medicare Act private payer data reporting. The deadline is…
Headline
Draft guidance released for 2028 cycle of Medicare drug price negotiations 
The Centers for Medicare & Medicaid Services July 16 released draft guidance for the 2028 cycle of negotiations under the Medicare Drug Price Negotiation…