Breaking Down Why Medicare Part D Premiums Are Likely To Go Up

Breaking Down Why Medicare Part D Premiums Are Likely To Go Up

Medicare enrollees who buy the optional Part D drug benefit may see substantial premium price hikes — potentially up to $50 a month — when they shop for next year’s coverage. Such drug plans are used by millions of people who enroll in what is called original Medicare, the classic federal government program that began in 1965 and added a drug benefit only in 2006. The drug plans are offered through private insurers, and enrollees must pay monthl…