Healthcare & Medicare

Part D and Medicare Advantage Plans Stable for 2024

Halo |

2 years ago

Last updated: 16/10/2023 at 07:20 PM


In advance of the upcoming Medicare Fall Open Enrollment period, beginning October 15, the Biden-Harris administration announced that Medicare Advantage (MA) and Part D plans for 2024 will be largely stable from 2023 offerings, with slight or no premium changes for most plans. Standalone Part D plans are how people with original Medicare get prescription drug coverage. According to the announcement, the average Part D plan’s premium will decrease slightly, from $56.49 in 2023 to an expected $55.50 in 2024. MA plans cover original Medicare benefits, usually bundled with a Part D plan. MA

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