Medicare Part D Premiums Rising

USAToday reports that Medicare Part D premiums will be approximately 12% higher in 2009 than they were in 2008. This figure has been calculated using bids placed by the private insurers provided the plans available through Medicare.

Despite this increase, Part D still costs less than officials predicted when the program was first launched. Beneficiaries may want to check their options during the open enrollment period in November and December of this year to ensure they are still receiving the maximum amount of savings.