Enter your e-mail address below to receive the latest news about Medicare coverage and plans
For the 2013 plan year, the Centers for Medicare & Medicaid Services (CMS) has taken steps to help ensure that beneficiaries continue to have a choice of Medicare Advantage plans without any significant increases in premiums or decreases in benefits. According to CMS, the average monthly Medicare Advantage premium is projected to go up just $1.47 to about $32.60 in 2013. Premium rates may even go down a dollar or two for some beneficiaries, depending on their county and their plan's 2012 star ratings.
Since 2010, when the Affordable Care Act was passed, Medicare Advantage premiums have fallen by 16 percent and enrollment has risen by 17 percent. In 2012, the average monthly Medicare Advantage premium was $31.54, which was 7 percent lower than the average rate in 2011.
Medicare Advantage Plan access
Nearly 25 percent of all Medicare beneficiaries — 12.8 million people — are currently enrolled in a Medicare Advantage Plan. Enrollment is expected to grow 11 percent in 2013, to about 14.5 million beneficiaries.
Almost all Medicare beneficiaries (99.7 percent) have access to at least one Medicare Advantage plan. In 2013, beneficiaries in nearly every county will be able to select from an average of 26 plans.