Major Increase In Medicare Drug Premiums In 2009

Washington (dbTechno) - It has been confirmed that the year 2009 is going to mark a major increase in the premiums for Medicare drug coverage.

According to new data released by the consulting company Avalere Health LLC, based in Washington D.C., the average premiums for elderly and disabled Americans will jump 24% in 2009.

The premiums are going to increase and jump all the way up from $30 each month to $37 each month for standalone drug plans.

This comes after another increase took place from 2007 to 2008, just not as big of an increase.

The best thing to do, according to the Centers for Medicare and Medicaid Services, is for beneficiaries to actually see what plan is best for them.

If they do not sign up for a plan that they do not need, they can save a lot of money.

Medicare participants are able to begin sigining up for drug coverage for 2009 from November 15 to December 31.