GITNUX MARKETDATA REPORT 2024
Statistics About The Average Monthly Cost Of Medicare Advantage Plans
The average monthly cost of Medicare Advantage plans is around $23-$148, depending on plan type and location.
In this post, we explore the average monthly costs associated with Medicare Advantage plans, based on a range of statistics from different states and years. From significant decreases in premiums to variations in costs by plan type and location, understanding the financial aspects of Medicare Advantage can shed light on the options available to beneficiaries. Let’s delve into the data to uncover insights into the evolving landscape of Medicare Advantage plan costs.
Statistic 1
"The average monthly premium for Medicare Advantage plans was about $30 in 2020."
Statistic 2
"The average monthly premium for Medicare Advantage plans fell by $29.02 in Florida in 2020."
Statistic 3
"In 2020, the average monthly premium for Medicare Advantage Prescription Drug plans was around $23.63."
Statistic 4
"It is estimated that the average premium for Medicare Advantage plans was 14% lower in 2019 compared to 2018."
Statistic 5
"In 2020, individuals in D-SNP ( Medicare Advantage plans that restrict enrollment to people who have specific diseases or characteristics) paid an average monthly premium of $29.38."
Statistic 6
"The average cost for Medicare Advantage Plans in North Carolina in 2019 was about $23/month."
Statistic 7
"For 2020, 60% of Medicare Advantage enrollees paid no premium (other than the Part B premium), although premiums can be as much as $100 or more per month."
Statistic 8
"Premiums for Medicare Advantage PPOs were about $45 per month on average in 2020."
Statistic 9
"The lowest average monthly premium for Medicare Advantage was encountered in Washington, D.C., at $13 in 2019."
Statistic 10
"In 2021, the average monthly Medicare Advantage premium is expected to be 11% lower than in 2020 and the lowest in the past 13 years."
Statistic 11
"For 2021, 96% of people with Medicare have access to a Medicare Advantage plan."
Statistic 12
"In 2019, the regional PPOs available nationwide charged an average premium of $35 per month."
Statistic 13
"In 2021, the average monthly premium for a Medicare Advantage plan was lower than it had been in over a decade, at just $21."
Statistic 14
"Almost half of Medicare Advantage plans offered in 2019 had no premium."
Statistic 15
"In 2021, more than 94% of Medicare beneficiaries have access to at least one zero-premium Medicare Advantage plan."
Statistic 16
"In 2021, the average monthly premium for available Medicare Advantage plans is $21, down from $23.63 in 2020."
Statistic 17
"In 2021, people with Medicare in Florida, for example, have access to 303 Medicare Advantage plans and the average monthly premium is just $7.37."
Statistic 18
"In 2021, the average premium for all types of Medicare Advantage plans is about $34 per month."
Jannik Lindner
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