Per the State of Maryland—With Medicare Open Enrollment in full swing, Governor Larry Hogan and Maryland Department of Aging Secretary Rona E. Kramer are reminding Marylanders that lower premiums are available for Medicare Advantage and Medicare Part D prescription drug plans. In addition, beneficiaries can now compare 2023 Medicare health and drug coverage premiums and deductibles using the recently updated Medicare Plan Finder on Medicare.gov or by calling 1-800-MEDICARE. “Medicare plays a key role in providing health and financial security to many residents across the state who utilize the program,” said Governor Hogan. “We want to continue to ensure that every Marylander has access to affordable care and, ultimately, a better quality of life.”
More than 1 million Marylanders are enrolled in Medicare. The projected average premium for 2023 Medicare Advantage plans is $18 per month, a decline of nearly 8% from the 2022 average premium of $19.52. Medicare Advantage plans will continue to offer a wide range of supplemental benefits in 2023, including eyewear, hearing aids, preventive and comprehensive dental benefits, access to meals (for a limited duration), over-the-counter items, and fitness benefits. The average basic monthly premium for standard Part D coverage—which helps pay for both brand-name and generic prescription drugs—is projected to be $31.50, compared to $32.08 in 2022.
