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posted at September 20, 2013 12:48 PM EDT
Re: 2014 Increase
posted at September 20, 2013 5:20 PM EDT
First: November 27, 2011
Last: March 8, 2014
In Response to 2014 Increase:
I would appreciate an in depth explanation for the 18.1% increase on the new 2014 Rx plan? An increase from $39.20 to $46.30 seems a little excessive. Your response should interest all participants.
Posted by jbgavin
The premiums are a reflection of your benefits and coverage.
Is there anything special about your plan?
Example: If you don't have a "deductible" your premiums are higher.
Example: Do they have a bigger formulary?
Do you have a late enrollment penalty?
Due to your income, do you have a Medicare D surcharge on your premiums?
Per the press release from CMS in July 2013 titled Medicare drug premiums remain stable four years in a row
". . . . the Department of Health and Human Services (HHS) released data showing that the average premium for a basic prescription drug plan in 2014 is projected to remain stable, at an estimated $31 per month."
It's soon time to re-up, so go to the Medicare Med D site and put in your zip code and each of your meds and you will see which plans are available to you in your area and their monthly premiums. According to Medicare, this listing should be available October 15. Medicare Plan Finder