Skip to content
Coverage changes
- Starting Jan. 1, 2024, if you have Medicare drug coverage (Part D) and your drug costs are high enough to reach the catastrophic coverage phase, you don’t have to make a co-payment or pay co-insurance. The Extra Help program that covers your Part D drug costs will expand to cover more drug costs for certain people with limited resources and income.
- Medicare now covers monthly services to treat chronic pain if you’ve been living with it for more than three months.
- Starting Jan. 1, 2024, Medicare will cover intensive outpatient program services provided by hospitals, community mental health centers, and other locations if you need mental health care.
- If you recently lost (or will soon lose) Medicaid, and have Medicare, you will be able to change your Medicare plan without paying a penalty.
- Through Dec. 31, 2024, you can get telehealth services at any location in the U.S., including your home. After this period, you must be in an office or medical facility located in a rural area for most telehealth services.
- Anyone with Medicare drug coverage will get free adult vaccines recommended by the Advisory Committee on Immunization Practices, including the COVID-19 booster, shingles and RSV.
Cost changes
- The annual deductible for Medicare Part B will increase by $14 in 2024 to $240, while the standard monthly premium for Medicare Part B will increase by $9.80 to $174.70.
- The average total monthly premium for Medicare Part D coverage is projected to be approximately $55.50 in 2024, a decrease of 1.8% from $56.49 in 2023.
- The average premium for 2024 Medicare Advantage plans is $18.50 per month, a slight increase from the 2023 average premium of $17.86.
In Florida in 2024:
Medicare Advantage:
- The average monthly Medicare Advantage plan premium is rising from $9.59 in 2023 to $10.38 in 2024. This represents a $0.79 change in the average monthly premium.
- 613 Medicare Advantage plans are available in 2024, compared to 616 plans in 2023.
- 100% of people with Medicare have access to a Medicare Advantage plan.
- $0 is the lowest monthly premium for a Medicare Advantage plan.
- 100% of people with Medicare will have access to a Medicare Advantage plan with a $0 monthly premium.
- 199 plans will offer additional options to Medicare Advantage enrollees who receive low-income subsidies (also called Extra Help) and/or chronically ill enrollees. Those options include reductions in cost sharing for certain covered benefits and person-centered benefits such as food and nutrition.
- Seven plans will offer the Medicare hospice benefit through their plan.
Medicare Part D (Prescription drug plans):
- 21 stand-alone Medicare prescription drug plans are available in 2024. All individuals with Medicare have access to a Medicare prescription drug plan.
- 81% of people with a stand-alone Medicare prescription drug plan have access to a plan with a lower premium than what they paid in 2023.
- 26% of people with a stand-alone Medicare prescription drug plan get Extra Help called the low-income subsidy.
- $0 is the lowest monthly premium for a stand-alone Medicare prescription drug plan.