1. Headline
  1. Headline
updated 8/14/2009 12:25:11 PM ET 2009-08-14T16:25:11

Seniors enrolled in Medicare can expect to see a $2 increase in their monthly payment for prescription drug coverage next year.

Medicare officials announced late Thursday that the average monthly premium for the government's drug plan will be $30 next year, up from $28 this year.

Officials made the projection based on bids from private insurers that get the premiums along with a federal subsidy to administer the benefit. Companies that offer the so-called Medicare Part D plans include Humana, WellPoint and UnitedHealth.

Full details of the benefits and premiums for Medicare drug coverage will be announced in September.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

More on TODAY.com

  1. Facebook, Walt Disney

    Mom posts public apology for her kids' 'rude' movie theater behavior

    3/30/2015 10:00:50 PM +00:00 2015-03-30T22:00:50
  1. San Diego Zoo/Facebook

    Watch this newborn jaguar cub make a big debut at the San Diego Zoo

    3/30/2015 9:25:05 PM +00:00 2015-03-30T21:25:05
  1. 20th Century Fox; Courtesy of Li

    'Mrs. Doubtfire' actress reveals 4 things Robin Williams taught her

    3/30/2015 5:45:01 PM +00:00 2015-03-30T17:45:01
  1. Everett Collection

    It's official! NBC's next live musical will be...

    3/30/2015 9:51:10 PM +00:00 2015-03-30T21:51:10