The average monthly premium for a Medicare Advantage plan will fall to about $12 in 2027, down from $14.37 this year, the Centers for Medicare & Medicaid Services announced on Sept. 28. The drop of about 16.5% comes two weeks before Medicare open enrollment, which runs from Oct. 15 to Dec. 7.
About 34 million people are expected to be enrolled in Medicare Advantage next year, and for them the headline number is only a starting point. An average premium says little about whether a specific plan still covers a person's cardiologist, a daily inhaler, or the nearest hospital. Seniors whose plan is ending do not have the option of staying put; they must choose new coverage.
