WASHINGTON (AP) — It’s an economic indicator of sorts for seniors: The Obama
administration says the average premium for basic Medicare drug coverage
will stay the same next year, $30 a month. That’s the third year in a row of
little or no change.
Medicare recipients with high prescription costs are saving an average of
$629 apiece thanks to a provision of the new health care law that gradually
eliminates a coverage gap called the “doughnut hole.”
There is a
caveat on premiums. Because the number is an average, some beneficiaries may
see their monthly cost go up, while others get a decrease. Consumer
advocates say seniors should check their plan during open enrollment season
this fall and shop around if they’re not satisfied.
are helping keep costs stable.