RICARDO ALONSO-ZALDIVAR
WASHINGTON (AP) — Obama administration officials say they have some good election-year news for seniors.
Monthly premiums for popular Medicare Advantage insurance plans are rising by only $1.47 next year, to an average of $32.59.
The private plans often can provide the same services as traditional Medicare for a lower out-of-pocket cost, but seniors have to accept some restrictions on choice.
About 12 million Medicare recipients are in private plans. Enrollment is projected to rise by more than 1 million next year.
The news follows a recent announcement that prescription drug premiums would remain stable for the third year in a row, about $30 a month.
Since the premium numbers are averages, some people may see their costs go up. They can shop for a lower cost plan.
related articles »
Seniors enrolled in seven of the 10 most popular Medicare prescription drug plans will be hit with double-digit premium hikes ...
Tossing out President Barack Obama's health care law would have major unintended consequences for Medicare's payment systems, unseen but vital ...
Medicare’s prescription coverage gap is getting noticeably smaller and easier to manage this year for millions of older and disabled ...
WASHINGTON — Medicare’s basic monthly premium will be much lower than expected next year, the government announced Thursday. That could ...
