average annual cost of medicare premiums
These plans often include drug coverage along with the same basic services that original Medicare offers for hospital and medical coverage, and according to Avalere, the average Medicare Advantage premium will actually decline by 1% next year to an annual cost of $391.
Even worse, premium costs will go up even more dramatically among some of the most popular plans in the country. According to the study, the 3.5 million Americans on the AARP MedicareRx Preferred Plan will see its premium rise from $602 to $749 on an annual basis, a climb of 21% from 2015's costs. Another AARP with almost 1.4 million participants will see even more dramatic increases of 26% to their premium costs.