Medicare Advantage 2019 Changes
On October 12, 2018, the Centers for Medicare and Medicaid (CMS) announced the 2019 Original Medicare premium and deductible increase, but what about Medicare Advantage plans? Unlike Medicare Part A and B, beneficiaries enrolled in MA plans may see a decrease in their premiums for the upcoming year.
Medicare Advantage 2019 Premiums
In September, CMS announced that on average, Medicare Advantage premiums will decrease 6%, from $29.81 to $28. This is great for beneficiaries interested in affordable vision, dental, and hearing coverage or even fitness classes like SilverSneakers! CMS estimates that 83% of beneficiaries will have equal or lower premiums for 2019 and 46% will have a $0 premium! Premiums for MA plans have steadily declined, and this is the lowest premium in the last three years. Medicare Advantage plans are a perfect example of a private and public collaboration that allows beneficiaries to drive and define the value. The Medicare Advantage 2019 changes are a quick glance of what you can expect to continue in the future.
Future of Medicare Advantage Plans
According to the Henry J Kaiser Family Foundation, enrollment has tripled to 19 million beneficiaries since 2003 and continues to grow each year. CMS estimates that Medicare Advantage 2019 enrollment will hit an all-time high of 22.6 million beneficiaries. This is an 11.5% increase from 2018!
As enrollment continues to increase, plan selection and variety increase too, with approximately 600 new plans offered in 2019! 99% of seniors and Medicare-eligibles have access to a Medicare Advantage plan – and 91% can choose from 10 or more plan options. Beneficiaries will not only see more plans to choose from, but also new supplemental Medicare benefits!
Enroll in a Medicare Advantage 2019 Plan
The future of Medicare Advantage is bright! Are you interested in getting coverage beyond Original Medicare? Many Medicare Advantage plans offer dental, hearing, and vision coverage. Our agents at Medicare Plan Finder can contract with nearly every carrier in your state! This means that you can enroll in the Medicare Advantage plan that best fits your needs and budget. Ready to learn more? Call us at 833-438-3676 or fill out this form to arrange a no-cost, no-obligation appointment with a top agent.