Ritter Insurance Marketing, Craig Ritter

CMS Announces Overall Premium Changes for 2014 Medicare Advantage and Medicare Part D

CMS issued a press release late last week, you can read the Press Release here.  Medicare Advantage premiums for 2014 are expected to increase by $1.64 to $32.60/month.  Medicare Part D premiums for 2014 are expected to hold steady for the fourth year in a row at around $31/month.

The number of 4 star plans is expected to increase from 28% to about 1/3 of all plans.  This could be a result of either more four star plans or 3.5 and lower star plans exiting the market.  Further, about 50% of Medicare beneficiaries are expected to be in 4 star plans, up significantly from 37% last year.

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