The Centers for Medicare & Medicaid Services yesterday released premium and cost-sharing information for Medicare Advantage and Part D prescription drug plans for the 2022 calendar year.

According to CMS, the average monthly premium for MA plans will fall by $2.22 to $19, while the average monthly premium for a basic Medicare Part D prescription drug plan will increase by $1.53 to $33.

Over 2,100 MA 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 in 2022; and over 1,000 MA plans will participate in the Value-Based Insurance Design Model, which offers supplemental benefits and incentives to improve health and address social needs, the agency said.

Open enrollment for MA and Part D begins Oct. 15.

 

Related News Articles

Headline
The Centers for Medicare & Medicaid Services yesterday proposed that Medicare cover monoclonal antibodies that target amyloid to treat Alzheimer’s…
News
In a letter today to the Medicare Payment Advisory Commission, AHA weighed in on draft Medicare payment recommendations for 2023 that would have significant…
Headline
As part of the Consolidated Appropriations Act of 2021, 1,000 new Medicare-funded residency positions will be distributed starting in fiscal year 2023.…
Headline
The Centers for Medicare & Medicaid Services yesterday released proposed regulations for the 2023 Medicare Advantage and Part D plan year. Notably,…
Headline
President Biden yesterday ordered federal agencies, including the Department of Health and Human Services, to take certain actions to reduce…
News
The Medicare Payment Advisory Commission this week discussed several draft recommendations for Congress, which the panel would vote on in January. The…