Medicare prescription premium to rise slightly in 2014, but deductible will fall

07/31/2013 12:44 PM

07/31/2013 12:44 PM

The average monthly premium for Medicare's basic prescription drug plan will go up $1 in 2014, according to the U.S. Department of Health and Human Services.

The federal agency this week released 2014 projections based on bids submitted by drug and health plans for basic coverage. The average Medicare Part D monthly premium will be $31, up slightly from the $30 monthly premium for 2011-2013.

While that means $12 more in premiums in a year, enrollees likely will end up paying less than in the past overall. The Centers for Medicare & Medicaid Services already have announced that the Part D deductible will fall from $325 in 2013 to $310 in 2014.

The enrollment period for 2014 will be Oct. 15-Dec. 7.

Joey Holleman

Editor's Choice Videos

Join the Discussion

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service