Empty Your Wallet, Medicare Drug Premiums To Rise

September 29, 2008

Get ready to open your wallet a little wider, as there will be an increase in the premiums for Medicare drug coverage next year........... .Washington (ChattahBox) – Get ready to open your wallet a little wider, as there will be an increase in the premiums for Medicare drug coverage next year.

The consulting company Avalere Health LLC, based in Washington D.C., put out a report showing the increase expected.

They stated that the average premiums for elderly and disabled Americans will jump 24% in 2009.

Thish will increase premiums quite a bit for standalone drug plans, from $30 each month to $37 each month.

From 2007 to 2008, the Medicare drug premiums increased as well, but not by as much.

The Centers for Medicare and Medicaid Services recommends that patients only get a plan that they really need, to save money.

Sign-up for medicare for 2009 is from November 15 to December 31.


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