Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Gov't: Medicare drug premiums inching up for 2014
Tuesday - 7/30/2013, 5:29pm EDT
The Associated Press
WASHINGTON (AP) -- The Obama administration says the average monthly premium for Medicare prescription drug plans will inch up by $1 next year, to $31.
The increase comes after three stable years in which the average premium hovered around $30 a month.
Medicare officials say the modest increase means competition among insurers is holding down costs, even as benefits have improved for seniors with high prescription bills.
But consumers take note: the average isn't the full story. For example, last year seven of the top 10 plans raised their 2013 premiums by double-digit percentages. By shopping around, seniors helped keep the average premium paid from going up.
Consumer advocates say beneficiaries should check their plan during open enrollment, from October 15 to December 7, and look for better deals if they're not satisfied.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.