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When will the 2024 Medicare Part D and Medicare Advantage plan information be available?

Category: Annual Medicare Plan Changes
Published: Aug, 16 2023 10:08:44

October 1st.  The 2024 Medicare Part D and Medicare Advantage plan information will be officially released on October 1st and will be included on the Medicare.gov Plan Finder website.  Here are also a few suggestions to learn more about 2024 Medicare plans:

Read about Annual Medicare Plan Changes in our articles

Look for your 2024 ANOC

If you are currently enrolled in a 2023 Medicare Part D or Medicare Advantage plan, you will receive a 2024 Annual Notice of Change (ANOC) letter previewing your 2024 Medicare plan coverage.  Your current Medicare plan will automatically send you the ANOC in late-September.  This 10 to 12 page document will highlight next year's coverage and plan changes.

Check out our 2024 Medicare Part D plan analysis

When the 2024 Medicare plan data is released by Medicare, we will provide an analysis or overview of all 2024 Medicare Part D plans in our PDP Facts section (PDP-Facts.com).

Q1Medicare Formulary Browser

Check out an overview of 2024 Medicare Part D and Medicare Advantage plan information

As more information is released by Medicare, we will bring more information online.

For an overview of all stand-alone Medicare Part D prescription drug plans (PDPs) offered in your state, you can use our PDP-Finder (PDP-Finder.com).

On PDP-Finder, we provide a unique collection of prescription drug plan details including: drug tier cost-sharing, initial deductible, monthly premium, Part D plan IDs, additional Donut Hole or Gap coverage, formulary size, and Medicare plan quality star ratings.  You can click on the plan name or “Benefit Details” for more information about the specific Medicare PDP.

To start, you can click here for an example of PDP-Finder showing all Medicare Part D plans for a selected area.

PDP-Finder showing an example of all stand-alone Medicare Part D plans in a selected state or Service Area

Or use this link to see all California Medicare Part D plans with a $0 initial deductible or just use the link PDP-Finder.com/CA to see all California Medicare Part D plans.

At the same time, we will bring the Medicare Advantage (MA/MAPD) plan information online in our Medicare Advantage Plan Finder (MA-Finder.com).  The Medicare Advantage plan coverage data will be updated as more detailed information becomes available.

MA-Finder showing an example of all Medicare Advantage plans in a selected ZIP Code or country Service Area

We also will bring the 2024 prescription drug information -- formulary data -- online in our Q1Rx® Drug Finder (Q1Rx.com) and Formulary Browser (FormularyBrowser.com).

The Q1Rx Drug Finder shows how all Medicare prescription drug plans in an area cover a specific drug and the Formulary Browser shows all drugs covered by the selected Medicare drug plan.  Both tools include the drug tier, cost-sharing details, and drug usage management details, such as prior authorization, quality limits and step therapy.

Q1Medicare Q1Rx Drug Finder showing Prior Authorization and Quantity Limit restrictions

In addition to the drug specific information, the Formulary Browser also includes the total number of drugs on a plan's formulary and the total number of drugs on each cost-sharing tier of the plan's formulary.

As a note, Medicare Part D providers (such as Humana, Aetna, or United Healthcare) will have their 2024 Medicare plan designs ready early in the summer and often plan providers share a few highlights or a basic overview of their upcoming plan information with insurance agents and brokers.  However, plan providers, agents, and brokers are not permitted to publicly release detailed plan information until ANOC letters are sent to current plan members.

Reminder about enrollment into a 2024 Medicare plan

Enrollment into a 2024 Medicare Part D or Medicare Advantage plan begins October 15th and continue through December 7th during the annual Open Enrollment Period (AEP).

If you wish to remain in your same Medicare plan, and understand how your Medicare plan is changing next year, you do not need to take any action and you will be automatically re-enrolled into your same-named Medicare plan (along with any plan changes) (Important: Medicare plans change every year so be sure to understand how your currently plan is changing next year).  If you need assistance with choosing a Medicare plan, please contact a Medicare representative at 1-800-MEDICARE (1-800-633-4227).

Your new 2024 Medicare plan coverage will then start on January 1st.

Finally, don't be confused by the Medicare Advantage plan Open Enrollment Period (MA-OEP) that started in 2019.  During the MA-OEP, you can change or drop your Medicare Advantage plan, however you cannot switch to a Medicare Advantage plan from Original Medicare.  The MA-OEP runs each year from January 1st through March 31st.

For more information, you can also click on the following link to learn more about next year's standard Medicare Part D drug coverage and how it compares to all past years.

Tips & Disclaimers
  • Q1Medicare®, Q1Rx®, and Q1Group® are registered Service Marks of Q1Group LLC and may not be used in any advertising, publicity, or for commercial purposes without the express authorization of Q1Group.
  • The Medicare Advantage and Medicare Part D prescription drug plan data on our site comes directly from Medicare and is subject to change.
  • Medicare has neither reviewed nor endorsed the information on our site.
  • We provide our Q1Medicare.com site for educational purposes and strive to present unbiased and accurate information. However, Q1Medicare is not intended as a substitute for your lawyer, doctor, healthcare provider, financial advisor, or pharmacist. For more information on your Medicare coverage, please be sure to seek legal, medical, pharmaceutical, or financial advice from a licensed professional or telephone Medicare at 1-800-633-4227.
  • We are an independent education, research, and technology company. We are not affiliated with any Medicare plan, plan carrier, healthcare provider, or insurance company. We are not compensated for Medicare plan enrollments. We do not sell leads or share your personal information.
  • Benefits, formulary, pharmacy network, provider network, premium and/or co-payments/co-insurance may change on January 1 of each year. Our PDPCompare.com and MACompare.com provide highlights of annual plan benefit changes.
  • The benefit information provided is a brief summary, not a complete description of benefits. For more information contact the plan.
  • Limitations, copayments, and restrictions may apply.
  • We make every effort to show all available Medicare Part D or Medicare Advantage plans in your service area. However, since our data is provided by Medicare, it is possible that this may not be a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.
    Statement required by Medicare:
    "We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options."
  • When enrolling in a Medicare Advantage plan, you must continue to pay your Medicare Part B premium.
  • Medicare beneficiaries with higher incomes may be required to pay both a Medicare Part B and Medicare Part D Income Related Monthly Adjustment Amount (IRMAA). Read more on IRMAA.
  • Medicare Advantage plans that include prescription drug coverage (MAPDs) are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA), just as members in stand-alone Part D plans. In certain situations, you can appeal IRMAA.
  • You must be enrolled in both Medicare Part A and Part B to enroll in a Medicare Advantage plan. Members may enroll in a Medicare Advantage plan only during specific times of the year. Contact the Medicare plan for more information.
  • If you are enrolled in a Medicare plan with Part D prescription drug coverage, you may be eligible for financial Extra Help to assist with the payment of your prescription drug premiums and drug purchases. To see if you qualify for Extra Help, call: 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048, 24 hours a day/ 7 days a week or consult www.medicare.gov; the Social Security Office at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday. TTY users should call, 1-800-325-0778; or your state Medicaid Office.
  • Medicare evaluates plans based on a 5-Star rating system. Star Ratings are calculated each year and may change from one year to the next.
  • A Medicare Advantage Private Fee-for-Service plan (PFFS) is not a Medicare supplement plan. Providers who do not contract with the plan are not required to see you except in an emergency.
  • Disclaimer for Institutional Special Needs Plan (SNP): This plan is available to anyone with Medicare who meets the Skilled Nursing Facility (SNF) level of care and resides in a nursing home.
  • Disclaimer for Dual Eligible (Medicare/Medicaid) Special Needs Plan (SNP): This plan is available to anyone who has both Medical Assistance from the State and Medicare. Premiums, co-pays, co-insurance, and deductibles may vary based on the level of Extra Help you receive. Please contact the plan for further details.
  • Disclaimer for Chronic Condition Special Needs Plan (SNP): This plan is available to anyone with Medicare who has been diagnosed with the plan specific Chronic Condition.
  • Medicare MSA Plans combine a high deductible Medicare Advantage Plan and a trust or custodial savings account (as defined and/or approved by the IRS). The plan deposits money from Medicare into the account. You can use this money to pay for your health care costs, but only Medicare-covered expenses count toward your deductible. The amount deposited is usually less than your deductible amount, so you generally have to pay out-of-pocket before your coverage begins.
  • Medicare MSA Plans do not cover prescription drugs. If you join a Medicare MSA Plan, you can also join any separate (stand-alone) Medicare Part D prescription drug plan
  • There are additional restrictions to join an MSA plan, and enrollment is generally for a full calendar year unless you meet certain exceptions. Those who disenroll during the calendar year will owe a portion of the account deposit back to the plan. Contact the plan provider for additional information.
  • Medicare beneficiaries may enroll through the CMS Medicare Online Enrollment Center located at www.medicare.gov.
  • Medicare beneficiaries can file a complaint with the Centers for Medicare & Medicaid Services by calling 1-800-MEDICARE 24 hours a day/7 days or using the medicare.gov site. Beneficiaries can appoint a representative by submitting CMS Form-1696.