CMS’s decision to release the projected average Medicare Part D premium is an act of transparency from the federal healthcare program. This average premium is calculated based on plan bids submitted to CMS by Medicare Part D plan carriers and serves as a valuable tool for individuals to comprehend overall premium trends. This transparency empowers beneficiaries to make informed decisions during the upcoming Annual Enrollment Period, where they can choose from a variety of plan options available in their area for the following calendar year. Choosing the right Medicare Part D plan for your healthcare needs is just as important as choosing the right plan for your budget. Having these numbers available to you ahead of time allows you to better understand how a plans monthly premium fairs, among others.