Medicare Advantage premiums have risen for the first time in four years, and less enrollees are choosing $0 premium plans, according to a new report from online insurance marketplace eHealth.
The Nov. 21 report is based on the plans selected by Medicare beneficiaries on eHealth's platform between Oct. 15 and Nov. 8.
Four key takeaways:
- For the first time in four years, MA average premiums have increased and currently sit at $7 per month for plans selected for 2023.
- In 2021, 88 percent of MA enrollees chose plans with $0 premiums in the first half of the enrollment period, compared to 84 percent this year.
- The average monthly premium this year for selected Part D plans is $31, compared to $10 last year.
- Most MA enrollees say they can't afford a Medicare supplement plan and 88 percent say they are satisfied with their MA coverage. Only six percent said they were not satisfied.