2025 Medicare Advantage market takes shape amid turmoil

October 07, 2024

Lauren Berryman   

Next year’s Medicare Advantage landscape appears relatively stable on the surface. But beneath that lie notable coverage cutbacks health insurers made to recover margins after a turbulent year.

The large number of Medicare Advantage plans available for 2025 and a lower average premium tell one story. Insurers exiting geographic markets, reducing benefits and imposing higher out-of-pocket costs reveal another. Just over half of nearly 67 million Medicare beneficiaries are on Medicare Advantage and open enrollment begins a week from Tuesday.

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