CMS announces average Medicare Advantage, Part D premiums for 2020
The Centers for Medicare & Medicaid Services today 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 . 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.
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