prescription drug coverage

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 …

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Medicare Advantage Phenomenon is Leading to a Healthier Future – Here’s Why

In recent years, Medicare Advantage has gained remarkable popularity as an alternative to traditional Medicare. Medicare Advantage also referred to as Medicare Part C, provides extensive healthcare coverage via private insurance companies. This plan merges the advantages of Medicare Parts A and B and adds more benefits like prescription drug coverage, vision, dental, and wellness programs. This article delves into the reasons behind the growing popularity of Medicare Advantage. #1 Increasing Enrollment Figures One of …

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