If you're already enrolled in a Medicare Advantage plan or are thinking of joining one you may be in luck: the Medicare Advantage average monthly premium is expected to decrease next year.

Medicare Advantage premiums are expected to drop, on average, 6.75% in 2025, according to information released Friday from the Centers for Medicare & Medicaid Services (CMS). The decline is somewhat unexpected. Experts recently predicted to Investopedia that premiums might rise in response to a limited increase in government payments for 2025 (Medicare partly funds Medicare Advantage plans).

At the same time, the CMS said t🌃hat extra benefits many MA plans provide, such as dental insurance, are expected to remain stable.

Open enrollment for Medicare begins Oct. 15 and runs through Dec. 7, 2024. During that time, anyone with Medicare can switch from 澳洲幸运5官方开奖结果体彩网:Original Medicare to a private 澳洲幸运5官方开奖结果体彩网:Medicare Advantage plan (or vice versa), switch between Medicare Advantage plans, or sign up for or switch between 澳洲幸运5官方开奖结果体彩网:Medicare Part D prescription drug plans. Changes take🌜 effect on Jan. 🧸1, 2025.

The figures in the table above are based on projections the CMS received from Medicare Advantage providers and are weighted by enrollment figures. So, your premium could be pretty different if you have a less popular plan. For example, using CMS 2024 data, our calculations show that the monthly average for all Medicare Advantage premiums in 2024 was $23.05. 

The CMS also said that the number of 澳洲幸运5官方开奖结果体彩网:Special Needs Plans (SNPs) for Medicare recipients will grow by 9% next year, with SNPs representing about a quarter of all Medicare Advantage plans. Special Needs Plans provide additional benefits for people with specific chronic illnesses or disabilities, those who are enrolled in both 澳洲幸运5官方开奖结果体彩网:Medicare and Medicaid, or those living in certain facilities. Another 7.2 million people are expected to sign up for these plans in 2025.

Average Plan D Premium Also Expected to Fall

The average monthly cost for standalone Part D plans is also expected to drop to $46.50 in 2025, down $7.45, or 13.8%, from $53.95 in 2024. Those figures don’t include the people who pay no premiums because of the 澳洲幸运5官方开奖结果体彩网:Extra Help program. 

Premiums for people who get prescription drug coverage through Medicare Advantage will be even lower on average, according to the C♒MS. Premiums are expected to drop to $13.50 in 2025, down $2.06 (13.2%) from $15.56 in 2024.

In 2025, there will be a 澳洲幸运5官方开奖结果体彩网:new $2,000 limit on the amount you’re required to pay out of pocket for Part D. Whil𒊎e that may eventually prompt insurers to raise premiums, for now, most providers are participating in a voluntary premium stabilization plan in which the government pays them a subsidy to limit rate increases. The CMS said 99% of p♐eople now enrolled in a standalone Part D plan are with companies that opted into this program. 

What the 2025 Changes Mean for You

These figur💙es may help you plan for any upcoming changes in your coverage and give you a general idea of what average Medicare Advantage costs will be in 2025. If you’re already enrolled in an MA plan, be sure to read your annual notice of change, which you may have already received in the mail. That letter gives you the details about your specific coverage and costs, which will take effect in January. 

You’ll have the opportunity to switch to a different plan if you want to starting Oct. 15 when Medicare open enrollment begins, and again during 澳洲幸运5官方开奖结果体彩网:Medicare Advantage open enrollment, which runs Jan. 1 through March 31. 

If you haven’t enrolled in Medicare Advantage but are thinking about it, you can use these average costs as a benchmark for any plans you consider. Detailed plan information should be available on the by Oct. 1. Learn 澳洲幸运5官方开奖结果体彩网:how to choose a Medicare plan, or call 1-800-MEDICARE once open enrollment begins for more information and help.