facebook
twitter
rss
account
search
search
 

Medicare drug premiums remain steady

Aug. 6, 2012 at 9:34 PM   |   Comments

WASHINGTON, Aug. 6 (UPI) -- Average basic premiums for U.S. Medicare prescription drug plans are projected to remain constant in 2013, a governmental official said.

Kathleen Sebelius, secretary of the U.S. Department of Health and Human Services, said the average 2013 monthly premium for basic prescription drug coverage is expected to be $30 -- average premiums for 2012 were projected to be $30 and ultimately averaged $29.67.

"Premiums are holding steady and, thanks to the healthcare law, millions of people with Medicare are saving an average of over $600 each year on their prescription drugs," Sebelius said in a statement.

The Centers for Medicare & Medicaid Services Office of the Actuary calculated the projection for the average 2013 premium based on bids submitted by drug and health plans for basic coverage.

The upcoming annual enrollment period -- which begins Oct. 15 and ends Dec. 7 -- allows people on Medicare, their families and their caregivers to choose their prescription drug plans for next year by comparing their current coverage and quality ratings to other plan offerings, Sebelius said.

New benefit choices are effective Jan. 1.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
CDC: painkiller overdose deaths still rising, but not as fast CDC: painkiller overdose deaths still rising, but not as fast
2
Male pattern baldness a sign of prostate cancer risk Male pattern baldness a sign of prostate cancer risk
3
Schizophrenia is actually eight disorders, not one disease Schizophrenia is actually eight disorders, not one disease
4
Study: too many kids taking antibiotics Study: too many kids taking antibiotics
5
Morning exercise helps calm ADHD symptoms in children Morning exercise helps calm ADHD symptoms in children
Trending News
Video
x
Feedback