Medicare Part D Rates Expected To Jump by 13% in 2016
Many Medicare beneficiaries are facing sharp premium increases under Medicare Part D because of rising prescription drug costs. The average monthly premium for such plans in 2016 will increase from $36.68 to $41.46, or by about 13%. Even individuals who switch to lower-cost plans will likely see the largest premium increases since 2009.
- "Big Premium Increases Foreseen for Medicare Drug Plan" (Alonso-Zaldivar, AP/San Francisco Chronicle, 11/24).