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Medicare Drug Premiums Projected to Decrease in 2018

Posted on August 04 2017 09:49 AM

Average Cost to Decline by $1.20 Per Month

The average basic premium for a Medicare Part D prescription drug plan is projected to drop to $33.50 per month in 2018, down from $34.70 in 2017. The Centers for Medicare & Medicaid Services (CMS) announced the estimated $1.20 monthly cost decrease this week. 

Final Premium Announcement Coming Soon
CMS plans to release premiums and costs for Medicare drug plans for the 2018 calendar year in mid-September, in advance of the Medicare open enrollment period. As a reminder, the Medicare open enrollment period will run from October 15, 2017 through December 7, 2017.

Click here to read the CMS announcement.

Visit our Medicare section for more information on Medicare Part D, including employer notice requirements.