Medicare Part D Enrollment and Costs in 2023
Figure 1 More Medicare Part D Enrollees Are in Medicare Advantage Drug Plans Than in Stand-alone Prescription Drug Plans NOTE: PDP is stand-alone prescription drug plan. MA-PD is Medicare Advantage drug plan. Includes enrollment in the territories and employer group plans. MA-PD enrollment includes Medicare Advantage HMOs, PPOs, private fee-for-service, and Medicare Savings Account plans; other […]
Medicare Update Enrollment in 2023
More than half of eligible Medicare beneficiaries are enrolled in Medicare Advantage in 2023 In 2023, more than half (51%) of eligible Medicare beneficiaries – 30.8 million people out of 60.0 million Medicare beneficiaries with both Medicare Parts A and B – are enrolled in Medicare Advantage plans. Medicare Advantage enrollment as a share of […]
International Comparisons
International Comparisons In the U.S. Medicare program, private plans offer primary, supplemental, and prescription drug–only coverage, similar to models of private plans in other countries. Private health insurance plans serve diverse roles in nations’ health care systems. In Germany, Netherlands, and Switzerland, private plans are the primary source of insurance and cover essential health benefits. […]
Medicare Part D Enrollment & Availability
Medicare Part D Enrollment Enrollment in Medicare stand-alone prescription drug plans has changed relatively little since 2015. Between 2010 and 2015, enrollment in Part D stand-alone prescription drug plans increased nearly 32 percent, from 17.7 million to 24.0 million Medicare beneficiaries. Between 2016 and 2020, the number of Medicare beneficiaries enrolled in a PDP was […]
Medicare Advantage Special Needs Plans
Medicare Advantage Special Needs Plans Few Chronic Condition Special Needs Plans focus on mental health conditions, HIV/AIDS, dementia, or end-stage renal disease. Chronic Condition Special Needs Plans (SNPs) provide care to Medicare beneficiaries who are medically complex or have been diagnosed with one or more disabling or potentially life-threatening conditions, have a high risk of […]
Medicare Advantage Plan Availability
All types of Medicare Advantage plans with Healthcare. Among Medicare Advantage plan types, average 2021 premiums are lowest for HMOs and Special Needs Plans. Ranging from $0 per month to $351 per month, premiums for Medicare Advantage plans average $28 per month in 2021. Average premiums vary substantially by type of plan, with HMOs ($23) […]
Medicare Advantage Benefits
Most Medicare Advantage (MA) plans provide prescription drug coverage. Average Medicare Advantage premiums fell by approximately 40 percent between 2010 and 2020. Average total MA plan premiums – which cover costs associated with both Part C and Part D components – decreased by $4 between 2019 and 2020, a 14 percent reduction. Despite fluctuation over […]
Medicare Advantage Enrollment
Remarkable range of Medicare Advantage plan enrollment across the United States. The percentage of Medicare beneficiaries enrolled in a Medicare Advantage plan varies from 45 percent in Hawaii to 1 percent in Alaska. Percentage enrolled in Medicare Advantage nationally: 35.3. National Medicare Advantage enrollment: 24.7 million Rates of enrollment in Medicare Advantage vary substantially across […]
Medicare Enrollment, Financing, Spending & Affordability
Enrollment in Medicare is projected to increase an average of 1.5 million beneficiaries per year from 2021 to 2029. Source: Centers for Medicare and Medicaid Services, Program Statistics, 1965–2018, and Congressional Budget Office, Medicare Baseline, March 2020. Medicare spending is projected to nearly double between 2019 and 2029. Source: National Health Expenditure Accounts, by type […]
Medicare Enrollment
Medicare Enrollment Enrollment in Medicare is projected to increase an average of 1.5 million beneficiaries per year from 2021 to 2029. Source: Centers for Medicare and Medicaid Services, Program Statistics, 1965–2018, and Congressional Budget Office, Medicare Baseline, March 2020.