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	Name:	GoneFishin -
	Subject:	Medicare Cost
	Date:	10/21/2009 10:47:06 AM

Your premium is increasing because drug compamies continue to increase the price of drugs. The insurance companies have to increase their premium to cover the increase.

Average premiums for Part D plans are increasing by 7% in 2010, to $30 per month, and average premiums for Medicare Advantage plans are jumping by 22%, to $39 per month. These price hikes may be particularly tough to stomach next year, when Social Security will not have a cost-of-living increase.
And premium increases are only part of the picture. More than 60% of Part D plans will charge an annual deductible in 2010 ($310 is standard) before covering any drug costs, up from the 45% that charged a deductible in 2009, according to the Kaiser Family Foundation.

And you have from November 15 to December 31 to decide whether you want to stay in the same plan or switch plans for 2010. I know many who change plans every year or two based on the current overall cost.

Other messages in this thread:

View Entire Thread

Medicare Cost - lotowner - 10/20/2009 2:38:27 PM

Medicare Cost - au67 - 10/20/2009 8:14:50 PM

Medicare Cost - lotowner - 10/21/2009 7:48:24 AM

TriCare Costs - MAJ USA RET - 10/21/2009 9:03:33 AM

Medicare Cost - GoneFishin - 10/20/2009 8:38:10 PM

Medicare Cost - MAJ USA RET - 10/20/2009 9:56:17 PM

Medicare Cost - GoneFishin - 10/21/2009 10:47:06 AM

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