2011 Part D Information – Breaking News About Premiums, Donut Hole Coverage

The Centers for Medicare and Medicaid Services released today the projected average premium for the Part D plans in 2011. Projected numbers for 2011 show that the monthly premiums will increase by approximately $1, from $29 in 2010 to $30 in 2011. This is good news for Medicare Part D policyholders who feared large increases in the Part D premiums next year.

With some of the changes caused by PPACA (i.e. “health insurance reform”), some Medicare enrollees, as well as some in the insurance industry expected the Part D premiums to increase a good bit for next year. So, this news is welcome.

The PPACA, which was signed into law in March, changed some of the benefit structure for Part D. The changes that beneficiaries will see from this include a 50% reduction in brand-name co-pays when they are in the “donut hole” and a 7% reduction in generic co-pays when they are in the “donut hole”. This will greatly help anyone who reaches the “donut hole” to save on their medications while they are in that coverage gap.

To get more information about Medicare Part D or these changes, visit Medicare Supplement Quote. You can also request information on Medicare Supplement plans (Medigap) and/or Medicare Advantage.

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