CMS announces average Medicare Advantage, Part D premiums for 2020
The Centers for Medicare & Medicaid Services today released premium and cost-sharing information for Medicare Advantage and Part D prescription drug plans for the 2020 calendar year. The average MA premium will decrease by $3.87 (14%) to $23, while the average monthly premium for a basic Medicare Part D prescription drug plan will decrease by $2.50 to $30, the agency estimates. The average number of MA plan choices per county will increase by six to 39, CMS said. It projects MA enrollment will climb by 2.2 million in 2020 to a record 24.4 million. Open enrollment for 2020 Medicare health and drug plans begins Oct. 15.
Related News Articles
Headline
Leaders from the Centers for Medicare & Medicaid Services at the 2025 AHA Annual Membership Meeting May 5 discussed issues on the agency’s agenda in a…
Headline
The AHA April 30 released a report highlighting how hospitals and health systems continue to experience significant financial headwinds that can challenge…
News
The Centers for Medicare & Medicaid Services April 7 released finalized payment rates for calendar year 2026 Medicare Advantage and Part D plans. Payments…
Headline
The Centers for Medicare & Medicaid Services April 4 finalized changes to the Medicare Advantage and prescription drug programs for contract year 2026. The…
Headline
The AHA March 11 shared ways Congress could better support patient access to post-acute care in comments for a hearing held by the House Committee on Ways and…
Headline
A new AHA report highlights how certain practices by Medicare Advantage plans are increasing rural hospitals' vulnerabilities and threatening access to care in…