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In a statement released last week, the
Centers for Medicare and Medicaid Services has reported that Medicare Advantage (MA) plan premiums for the year 2020 are expected to decrease 23% from plan year 2018, while plan choices, benefits and enrollment continue to climb. The Medicare Advantage average monthly premium will be the lowest it has been in in thirteen years for the roughly 24 million people with Medicare who are calculated to enroll in an MA plan for 2020.
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According to the 2019 annual report released this month by the Medicare Board Of Trustees regarding Medicare’s two separate trust funds- the Hospital Insurance (HI) Trust Fund, and the Supplementary Medical Insurance (SMI) Trust Funds- found that one of these two Medicare trust funds is on track to run out of reserves in seven years- these estimates aligning with last year's projections.
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