Ritter Insurance Marketing, Craig Ritter

Medicare Prescription Drug Premiums to Increase Slightly in 2011

Here is a posting from HealthNewsDigest.  CMS is estimating that average premiums on Stand Alone Part D Plans (PDP) and Medicare Advantage Plans with Prescription Drugs (MAPD) will increase from an average monthly premium of $29 in 2010 to around $30 in 2011, a 3% increase.

Here is the official announcement from CMS.

Further, due to manufacturer discounts on brand name drugs in the Doughnut Hole, Medicare Beneficiaries will see an almost 50% reduction in the cost of their Brand drugs in the Doughnut Hole.  Generics will be subsidized by 7% in the Doughnut Hole, as well, due to changes to the benefit structure brought about by PPACA.

You can find rate book and supporting data, including low income subsidy amounts for 2011 by clicking here.

Posted by filed under 2011 MA Plans, CMS, News, Part D .

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