September 30, 2021
  • The CMS released the 2022 premiums for Medicare Advantage and Part D prescription drug plans. Medicare Advantage plan premiums are expected to hit $19 per month next year, a slight decline from the $21.22 in 2021. But Medicare Part D plan premiums will continue to increase by nearly 5 percent to $33 next year compared to the current premium of $31.47. The agency also predicts that MA enrollment will reach 29.5 million next year, compared to 26.9 million in 2021. (Press release here)
  • The Office of Personnel Management (OPM) said that premiums for federal employees will rise by 3.8 percent on average in 2022, the second straight year of moderate increases. According to the OPM, the pandemic has led to increased costs in the Federal Employees Health Benefits Program (FEHBP), including roughly $1 billion to test and treat COVID-19 patients. OPM maintained the 2022 premium increases fall below projected health insurance costs from other large public and private sector employers. (Article here)