3. 2020 Medicare Advantage Rates To Drop 23 Percent

2020 Medicare Advantage Rates To Drop 23 Percent

Ally6770
Ally6770   |     |   2,777 posts since 2010

In 2020, the Medicare Advantage average monthly plan premium will drop to an estimated $23 – 14 percent lower than the $26.87 average in 2019 and the lowest average since 2007, the CMS reports. Since 2017, the average monthly plan premium has fallen by an estimated 27.9 percent.

https://www.benefitspro.com/2019/09/27/2020-medicare-advantage-rates-to-drop-23-percent/

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111
111   |     |   68 posts since 2019
While this is good news, there is a caveat. A Medicare Advantage plan beneficiary recipient must also pay his Medicare Part B premium. According to a WSJ article from earlier this year - "Medicare’s trustees projected Monday that the standard monthly premium in 2020 for Medicare Part B, which covers doctor visits and other types of outpatient care, will increase by $8.80 a month to $144.30. A final figure is expected in the fall.
The increase comes after the Part B premium for most people rose modestly in 2019 to $135.50, from $134 in 2018."
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Ally6770
Ally6770   |     |   2,777 posts since 2010
True. I posted that article also. But it is cheaper than not having any insurance in the long run and our SS increase will cover the increase in Medicare.
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