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Medicare stand-alone Drug Plan premiums to
Increase 8.7% in 2008 to $40 per month
Oct 01, 2007--Average premiums for
stand-alone Medicare prescription drug plans
will increase by 8.7% to $40 monthly in
2008, and many plans will reduce benefits,
according to a study released on Friday by
Avalere Health,
USA Today reports.
The study, which involved an analysis of
CMS data, found that premiums for most
of the Medicare prescription drug plans with
the largest enrollment will increase by $5
to $10 monthly (Appleby, USA Today,
10/1).
Medicare beneficiaries have the ability to
switch prescription drug plans, or enroll in
the program for the first time, between Nov.
15 and Dec. 31
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