Medicare Open Enrollment "Half-Time" Snapshot:
By comparing eHealth's data with data previously published by the Centers for Medicare and Medicaid Services (CMS), it is possible to see what Medicare beneficiaries are actually purchasing as compared with what is available to choose from in the market.
According to CMS, 24.4 million Medicare beneficiaries are expected to enroll in Medicare Advantage plans for 2020, up from 22.2 million in 2019. The average monthly premium for 2020 Medicare Advantage plans available nationwide is $23, down 14% from $26.87 in 2019. CMS reports that 90% or more of all Medicare beneficiaries in 46 states now have access to Medicare Advantage plans with a $0 monthly premium.
Medicare Advantage costs are down and consumers are increasingly drawn to $0 plans
Part D premiums are down year over year
Medicare Supplement premiums show a modest increase