Medicare Part D Premiums Will Remain Stable in 2014

Average Premium at Approximately $30 for Fourth Straight Year

The Department of Health and Human Services has announced that monthly premiums in the Medicare Part D program will average $31 in 2014.  This will be the fourth consecutive year that premiums have remained stable at approximately $30.

In a USA Today story, Jonathan Blum, director of the Center for Medicare, credited private sector competition and a transparent bidding process with keeping beneficiary costs low. “There is continued very strong competition within the Part D plan,” he said.

The HHS press release on Medicare Part D premiums can be found here.