Medicare Advantage Minnesota

Just over half of Medicare members in Minnesota chose Medicare Advantage over Original Medicare in 2022. Per a data analysis from the Kaiser Family Foundation that year, enrollment in Medicare Advantage represented 52% of the Medicare population in the state. Nationwide, the average is 45%.

More Minnesotans will likely have access to better plans next year. The Centers for Medicare and Medicaid Services is reporting a total of 106 Medicare Advantage plans for 2023, an increase of 5 plans over last year. Where you live determines which plans will be available to you, but at least one Advantage plan will be available to every Medicare member in Minnesota.

Advantage plans are sold by private companies. Big carriers in Minnesota include Humana, BlueCross BlueShield, and UnitedHealthcare/AARP.

Rates are going down for Medicare Advantage across the country. The average monthly premium in Minnesota for 2023 is $70.77, about $6 less than the average in 2022.

But some plans won’t have a premium at all. Every Medicare enrollee in the North Star state will have access to at least one plan with a $0 premium.

Keep in mind that you’ll still pay whatever premiums you’d normally have with Original Medicare, which is Parts A and B together. Some Advantage plans charge an additional premium for the added benefits they offer, but some don’t. Extra benefits might include prescription drug coverage, vision and dental, hearing aids and more.

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Sources
CMS, state data fact sheet released September 29, 2022
Kaiser Family Foundation, “Medicare Advantage in 2022: Enrollment Update and Key Trends”