Medicare Formulary 2024 Costs And Benefits. In 2024, medicare enrollees will be seeing lower drug prices, a continued rise in medicare advantage popularity and more. The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.

All medicare analyses used the centers for medicare & medicaid services (cms) prescription drug plan formulary, pharmacy network, and pricing information. The average monthly plan premium for all medicare advantage (ma) plans, which includes ma plans with prescription drug coverage, is expected to decrease by.