Better Medicare Alliance touts low premiums for 2022

WASHINGTON, D.C. – Better Medicare Alliance, a research and advocacy organization supporting Medicare Advantage, says CMS’s 2022 Medicare Advantage premiums and cost-sharing information show that Medicare Advantage delivers high-value care for beneficiaries. Medicare Advantage average premiums will fall again to $19 a month, down from $21.22 in 2021, according to CMS. Additionally, Medicare Advantage enrollment will swell to 29.5 million beneficiaries in 2022, the agency expects. “With the lowest average monthly premiums in 15 years, Medicare Advantage continues to deliver high-value care for beneficiaries going into 2022,” said Mary Beth Donahue, president and CEO of the Better Medicare Alliance. “More than half of Medicare Advantage beneficiaries live below 200% of the Federal Poverty Level, as compared to 39% in fee-for-service Medicare. Today’s CMS announcement shows how Medicare Advantage continues working to maintain low costs and robust benefits for those it serves. This is welcome news for the 29.5 million Americans who will entrust their care to Medicare Advantage in the year ahead.” Medicare’s Open Enrollment season begins on Oct. 15, 2021, and ends on Dec. 7, 2021.