Is the Part B premium buydown here to stay? 2023 landscape and considerations for 2024

The Medicare Advantage (MA) market continues to grow each year, both in terms of enrollment and the number of plan offerings. Plan sponsors seek to add competitive benefits to retain current members and attract new enrollment. In recent years, some MA plans have included a benefit to offset a portion of beneficiaries’ Part B premiums, subsidies referred to as “Part B buydowns.” In this paper, we provide insights into the 2023 landscape for this area, with discussion on:

• Background on Medicare Part B
• Current trends
• Considerations for MAOs