Premium and Prescription Savings are Good News for People with Medicare

CMS: OCTOBER 28, 2013

The Centers for Medicare & Medicaid Services (CMS) has announced the 2014 Part B premiums in original Medicare and most seniors and people with disabilities will not increase next year, staying at $104.90 a month for Part B premiums.

For the third year in a row Medicare premium costs are meeting or beating expectations.  Monthly Medicare premiums in 2013 are lower than the $109.10 they were projected to be.   The year before, premium costs came in six dollars lower than the experts predicted.  The last five years have been among the slowest periods of average Part B premium growth in the program’s history.

Lower original Medicare costs are just one of the positive changes we’ve seen in Medicare since the Affordable Care Act was signed into law. Read More