Medicare announces 2027 private plan rates

In 2027, most Medicare beneficiaries will see stable or slightly improved costs, with average premiums for standalone Part D plans increasing by less than $1, and Medicare Advantage plans decreasing slightly. CMS announced enrollees will have access to numerous plan options, and most can retain their current plans or choose new ones during the open enrollment period. Experts recommend reviewing plans carefully as some coverage options may change due to formulary adjustments.

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