Medicare Advantage Premiums: What to Expect in 2024
In 2024, the average monthly premium for Medicare Advantage (MA) plans is expected to rise by 64 cents. About 73% of MA beneficiaries are not expected to see any increases in the monthly premiums for their current plan next year, according to the Centers for Medicare & Medicaid Services (CMS). Currently, the average premium for Medicare Advantage, which serves as a private insurance substitute to the original Medicare, stands at $17.86 per month. This is …