Annual Release of Part D National Average Monthly Bid Amount and Other Part C & D Bid Information

Relevant to: MAOs, Medicare Prescription Drug Plans

CMS is announcing today that the Part D national average monthly bid amount for 2024 is $64.28, the 2024 Part D base beneficiary premium is $34.70, and the de minimis amount is $2. Please see the attached notice for more detailed information concerning the 2024 Part D national average monthly bid amount, the Medicare Part D base beneficiary premium, the Part D regional low-income premium subsidy amounts, the Medicare Advantage (MA) regional PPO benchmarks, and MA employer group waiver plan (EGWP) regional payment rates.

See the full guidance for more information.