
Medicare Advantage premiums drop 16% for 2027 as insurers cut plans to boost margins
The Centers for Medicare & Medicaid Services (CMS) projects that average monthly premiums for Medicare Advantage (MA) plans will fall by 16% to $12 in 2027, down from $14.37 in 2026. While headline costs drop, insurers are significantly reducing the number of available plans and increasing cost-sharing to improve margins. Stand-alone Part D prescription drug premiums are expected to rise slightly to $36. Open enrollment runs from October 15 to December 7, 2026.
