Medicare Part D premiums 2024

Centers for Medicare & Medicaid Services (CMS) released Calendar Year (CY) 2024 Medicare Part D premium and bid information. This annual release provides information to help Part D plan sponsors finalize their offerings and individuals understand overall Part D premium trends ahead of Medicare Open Enrollment.

The average total monthly Part D premium is projected to decrease from $56.49 in 2023 to $55.50 in 2024.

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