Medicare Advantage Premiums Fall 16.5% for 2027 as 1 Million May Lose Plan Access
Updated
Updated · POLITICO · Sep 30
Medicare Advantage Premiums Fall 16.5% for 2027 as 1 Million May Lose Plan Access
3 articles · Updated · POLITICO · Sep 30
Summary
$12 average monthly Medicare Advantage premiums are projected for 2027, down from $14.37, but enrollees are expected to face higher out-of-pocket costs and fewer supplemental benefits.
Nearly 1 million seniors could lose access to their current plans as insurers trim offerings, setting up a difficult October open-enrollment period for millions of beneficiaries.
Humana is dropping plans for 600,000 members, UnitedHealthcare is exiting 109 counties affecting about 180,000 people, and Centene is leaving three states and more than 100 counties.
CMS still says the market remains competitive and projects Medicare Advantage enrollment at 34 million in 2027, or 47.4% of Medicare beneficiaries, while noting actual enrollment often exceeds forecasts.