CHA News Article

Medicare Advantage Premiums Remain Stable, Enrollment at All-Time High

The Centers for Medicare & Medicaid Services (CMS) announced today that Medicare Advantage premiums will remain stable and, for a sixth straight year, enrollment is projected to increase to a new all-time high. Today’s announcement comes as CMS releases the premiums and costs for Medicare health and drug plans for the 2016 calendar year. CMS estimates that the average Medicare Advantage premium will decrease by $0.31 next year, to $32.60, and the majority of Medicare Advantage enrollees (59 percent) will face no premium increase. In addition, more Medicare Advantage plans will offer supplemental benefits in 2016, such as dental, vision and hearing benefits.

Between 2010, when the Affordable Care Act was enacted, and 2016, premiums are expected to decrease by nearly 10 percent and enrollment is projected to increase by more than 50 percent to approximately 17.4 million enrollees, which represents about 32 percent of the Medicare population.