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Announcement of Calendar Year (CY) 2024 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies

Per statute, CMS proposes changes to the Medicare Advantage (MA) and Part D payment methodologies for each calendar year through an annual Advance Notice. After consideration of public comment, CMS releases a Rate Announcement that finalizes those policies and all payment methodologies for that year. The Rate Announcement contains key information about Part C risk adjustment, MA benchmarks, Part D benefit parameters, Part C and Part D Star Ratings, and other Part C and Part D payment changes for 2024.

Download the Guidance Document


Issued by: Centers for Medicare & Medicaid Services (CMS)

Issue Date: March 31, 2023

DISCLAIMER: The contents of this database lack the force and effect of law, except as authorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically incorporated into a contract. The Department may not cite, use, or rely on any guidance that is not posted on the guidance repository, except to establish historical facts.