Medicare Advantage 2024 Spotlight: First Look

On November 8, KFF released the issue brief, “Medicare Advantage 2024 Spotlight: First Look”, detailing the organization’s analysis of Medicare Advantage (MA) plans and Part D prescription drug plans (PDPs) available in 2024. The analysis revealed that nationwide the typical beneficiary has a choice of 43 Medicare Advantage plans as an alternative to traditional Medicare for 2024; the same number available as in 2023, but more than double the number of plans offered in 2018. Of the 43 MA plans, 36 plans offer Part D drug coverage, on average. Additionally, individuals with traditional Medicare have a choice of 21 Medicare stand-along PDPs for 2024.