Medicare Premiums Expected to Hold Steady in 2013

Finally, a little good financial news for seniors – your 2013 Medicare premiums are projected to remain the same.

That’s right, the Department of Health and Human Services issued its estimate, and Businessweek reported it in an article titled “Medicare Drug Plan Premiums to Stay at $30 in Coming Year.” According to the estimate and bids from private insurers, the premiums for Medicare drug plans are expected to hold steady at the $30 average, which is where they stand today.

While this is welcome news in trying times, we can only hope that the estimate stands the test of 2013 and the current political posturings. For that matter, keep Medicare in mind as we glide to the annual enrollment period that begins October 15.

Reference: Businessweek (August 6, 2012) “Medicare Drug Plan Premiums to Stay at $30 in Coming Year”