CMS announces average Medicare Advantage, Part D premiums for 2021
The Centers for Medicare & Medicaid Services yesterday announced premium and cost-sharing information for Medicare Advantage and Part D prescription drug plans for the 2021 calendar year.
The average MA premium will decrease by $2.63 (11%) to $21, CMS estimates. The monthly premium for a basic Medicare Part D prescription drug plan will average $30.50, ranging from a 22.6% decrease in Puerto Rico to a 4.4% increase in Maine, the agency said.
Among other program changes, more than 1,600 Medicare Advantage and Part D prescription drug plans will offer insulin for a monthly copay of $35 or less under the new Part D Senior Savings Model. Open enrollment for MA and Part D begins Oct. 15.
Related News Articles
Headline
The AHA Sept. 15 expressed support for the Ensuring Access to Essential Providers Act, legislation that would require Medicare Advantage plans to cover…
Headline
The AHA Sept. 15 urged Aetna to rescind its recently announced “level of severity inpatient payment” policy, saying that it “could erode the transparency…
Headline
A JAMA internal medicine study published Sept. 8 found that since the COVID-19 pandemic, Medicare Advantage beneficiaries have been experiencing longer…
Headline
A Health Affairs study published Sept. 2 found that less than 40% of Medicare beneficiaries with opioid use disorder received standard care in alignment with…
Headline
The Department of Health and Human Services and the Centers for Medicare & Medicaid Services Aug. 21 announced the creation of a Healthcare Advisory…
Headline
A JAMA study published Aug. 18 found that plan design changes by Medicare Part D insurers, particularly for Medicare Advantage plans, following passage of the…