Medicare Part D Premium 2024 Cost. Found that the average monthly premium for part d plans rose by 45 percent from $22 in 2022 to $32 in 2023, marking the second consecutive. In july, cms announced that the average monthly premium for medicare part d coverage is projected to be $55.50 in 2024, falling 1.8 percent from $56.49 in 2023.
Taxpayers should save $6 billion because of the new prices, while seniors using medicare could save roughly $1.5 billion on their medications, the u.s. Part d enrollment is concentrated in a handful of top plan sponsors, with 5 firms covering 77% of all.
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