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2026 Medicare Advantage and Part D Final Rate Notice: What to Expect
March 25, 2025

The Centers for Medicare & Medicaid Services (CMS) is expected to finalize payment rates and policies for the 2026 Medicare Advantage (MA) and Part D programs in early April 2025. The January 2025 advance notice proposed a 2.23% average payment increase for MA plans, expected to rise to 4.33% with coding adjustments. Key determining factors of the final rate notice include the final growth rate, the ongoing phase-in of a new risk model, the normalization factor, and more. This +Insight delves into the details of these factors and their implications for the 2026 payment year.

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