CMS has launched a redesigned Medicare plan finder to help its 60 million beneficiaries shop and compare Medicare Advantage and Part D plans. The new plan finder, updated for the first time in a decade, walks users through the Medicare Advantage and Part D enrollment process from start to finish and allows people to view and compare many of the supplemental benefits that Medicare Advantage plans offer. The updated plan finder also provides beneficiaries and their caregivers with a personalized experience through a mobile-friendly and easy-to-read design that will help them learn about different options and select coverage that best meets their health needs.
In 2019, CMS added nearly 600 Medicare Advantage plans with average premiums declining to their lowest levels in six years. Over the past three years, average Part D basic premiums have decreased by 13.5 percent, from $34.70 in 2017 to a projected $30 in 2020. Open enrollment begins Oct. 15.