Average premiums for Medicare prescription drug coverage are set to dip to about $31.50 a month in 2023, deductibles to rise

Average premiums for Medicare prescription drug coverage are set to dip to about $31.50 a month in 2023, deductibles to rise

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Medicare beneficiaries may see their premiums for prescription drug coverage dip in 2023, although their deductibles might rise.

The average basic monthly premium for Medicare Part D is projected to be about $31.50 next year, down 58 cents, from $32.08 in 2022, according to the Centers for Medicare & Medicaid Services.

Read more at CNBC

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This article is reprinted by permission from NextAvenue.org. In