Medicare Advantage Plan Options to Increase by 600 in 2020 as Enrollment Reaches 40%
Posted on Monday, September 30, 2019 12:47 PM
CMS Administrator announced this week that seniors will have 600 new Medicare Advantage plan choices next year and that the average premium will drop from $26.87 to $23.
The new figures represent a national total; on a county-by-county level, available Medicare Advantage plan options will increase from an average of 33 to 39, a boost of nearly 50% since 2017. CMS also projected record-high enrollment in fiscal 2020 of 24.4 million, or about 40% of the approximately 60 million Medicare-eligible seniors — a gain from 22.2 million in the current fiscal year and a 30.6% jump from 2017.
“President Trump has promised American patients a system with affordable, personalized health care, a system that puts you in control, provides peace of mind, and treats you like a human being, not a number,” Department of Health and Human Services secretary Alex Azar said in a statement announcing the stats.
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