Sunday 7:04am
November 23, 2014
Currently 43°F
Posted: Friday, August 1st 2014 at 4:17pm

Medicare drug premiums to rise for 2nd year

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
WASHINGTON (AP) -- Medicare says premiums for prescription drug plans will rise in 2015 for the second year in a row.

Officials said Thursday that Medicare's average monthly drug premium will rise next year to $32.

The modest increase of $1 a month comes amid worries over the future impact of costly new medications. Sovaldi, for example, cures hepatitis C but costs $1,000 a pill.

Most Medicare beneficiaries have prescription drug coverage.

But consumers should pay attention because the average premium says little about what any one person pays.

Premiums change every year, so consumer advocates say beneficiaries should check their plan during open enrollment, from Oct. 15 to Dec. 7, and seek better deals if they're not satisfied.

This year, the average premium also went up by $1, after three stable years.
Associated Categories: National News, Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.046132
icon
43°F
Gainesville, GA 30501
light rain
Wind: ENE 14 mph
Dew point: 41°F