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
Perspective
Approximately 35 million Americans are enrolled in Medicare Advantage plans in 2026, and that number is expected to grow to about 45 million MA enrollees by…
Headline
The AHA May 7 wrote to House and Senate lawmakers in support of the Medicare Advantage Improvement Act (H.R. 8375/S. 4384), bipartisan and bicameral…
Headline
The AHA today submitted comments on the Centers for Medicare & Medicaid Services’ proposed revisions to Medicare Advantage and Part D reporting…
Headline
The AHA today released its Health Care Plan Accountability Update, covering the latest developments in Medicare Advantage, legislation and…
Headline
UnitedHealth Group announced plans to expand its Rural Payment Acceleration Pilot to reduce Medicare Advantage payment processing times for…
Perspective
Few patient populations are more vulnerable to the shifting winds around health care today than Medicare beneficiaries who need specialized, high-acuity and…