Medicare Announces 2009 Drug Plan Premiums

Monthly premiums for Medicare drug plans will increase by 10%, or about $3, in 2009. Seniors, on average, will pay $28/month dependent upon their particular plan. The Centers for Medicare & Medicaid Services says the increase is right in line with the increase in drug costs, but the Medicare Rights Center says that the increase is higher than the Social Security cost of living increase and that the government should be doing more to negotiate drug prices with pharmaceutical companies.

Are you enrolled in a Medicare drug plan? If so, what do you think about the 2009 increase?

Sources:
image: picapp

“2009 Medicare drug plan premiums announced” – Chicago Tribune, August 14, 2008