September 27, 2023
Ahead of open enrollment, CMS announced average premiums, plan choices, and benefits for Medicare Advantage and the Medicare Part D prescription drug program will remain stable during 2024.
The agency announced the plan changes a few weeks ahead of open enrollment. Statewide figures indicate that average monthly Medicare Advantage plan premiums will decrease in Pennsylvania.
“A top priority for CMS is to protect and strengthen the Medicare program for people with Medicare, their children, and their grandchildren,” CMS Administrator Chiquita Brooks-LaSure said in a statement. “It is important for people with Medicare to review their health care coverage and explore their Medicare options during open enrollment.”
Here’s what you need to know:
The Inflation Reduction Act has placed a $35 cost-sharing limit on a month’s supply of each covered insulin product and recommended adult vaccines are covered at no cost, CMS noted. A low-income subsidy is also available.
The 2024 Medicare Advantage and Part D premiums are available online. If you need assistance picking a plan, contact 1-800-MEDICARE or contact your State Health Insurance Assistance Programs for help comparing plans and costs this year.
A Medicare handbook for consumers is available online.
Tags: Access to Care | Insurance | Medicare
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