Medicare Drug Plan Premiums to Stay at $30 in Coming Year
Premiums for drug plans that accompany basic Medicare coverage for the elderly and disabled will be an average of $30 in 2013, the department said today in a statement. The estimate is based on bids from private insurers who offer the plans to Medicare patients.
“Premiums are holding steady, and thanks to the health- care law, millions of people with Medicare are saving an average of over $600 each year on their prescription drugs,” Health and Human Services Secretary Kathleen Sebelius said in the statement.
The 2010 Affordable Care Act provides a discount on drug prices for people who enter a gap in Medicare’s insurance coverage known as the “doughnut hole.” Medicare’s annual enrollment period for drug plans and private coverage begins Oct. 15.
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