More Medicare Advantage and Prescription Drug Plans Expected in 2020

During the week of September 23, 2019, CMS released detailed files to explore the 2020 Medicare Advantage and Prescription Drug plan offerings as well as state-level Fact Sheets detailing premiums and plan offerings for the coming year.  It is estimated that there will be about 1,200 more Medicare Advantage plans operating in 2020 than in 2018 and a 14 percent decrease in the average monthly Medicare Advantage premium compared to 2019.  About one-quarter of rural Medicare beneficiaries were enrolled in Medicare Advantage in 2018.