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How much does Medicare Advantage cost in 2024?

Although Medicare Advantage plans are often advertised as having a zero-dollar premium, you still need to pay your Medicare Part B premium. The Part B premium in 2024 is $174.70, which is $9.80 more than in 2023. Medicare Advantage plans may also have deductibles, depending on the specific plan and insurance company.

How many Medicare Advantage plans are there?

If you're eligible for Medicare, you have an average of 22 Medicare Advantage plans to choose between. But the list of plans and their costs changes by county. Use the Medicare Plan Finder to find out what plans are available near you, or request personalized quotes from insurance companies or brokers.

Are all Medicare Advantage plans the same?

Low premiums: Since Medicare Advantage plans take over for Original Medicare, they have low or no premiums in many areas, but not all plans are the same. Each plan will have different copays, deductibles, and coinsurance costs. Be sure to review the out-of-pocket maximum and additional benefits.

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