CMS announces Medicare Part D premium amounts for 2010

The national average Part D premium for Medicare prescription drug coverage will reach $31.94 in 2010, up from $30.36 per month in 2009, CMS estimates. Employers applying for the retiree drug subsidy use this figure when determining the actuarial equivalence of their benefits. Part D beneficiaries will pay an average monthly premium of $30 in 2010, up from $28 in 2009. Other 2009 Part D figures released by CMS supply national average monthly bid amounts for stand-alone and Medicare Advantage (MA) plans offering prescription drug benefits, low-income subsidy amounts and MA benchmarks.  (Select News, 14 Aug 2009)

• Press release announcing 2010 Part D premiums (CMS, 13 Aug 2009)
• Full text of notice with 2010 Part D amounts (CMS, 13 Aug 2009) (PDF)

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