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 This material may not be published, broadcast, rewritten or redistributed.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

,

More on TODAY.com

  1. Nicole Tung / freejamesfoley.org via AP file

    Journalist James Foley's parents 'haunted' by how he died

    8/20/2014 7:35:14 PM +00:00 2014-08-20T19:35:14
  1. Cindy Ord / Getty Images

    6 things I wish I knew before getting a dog

    8/20/2014 5:25:06 PM +00:00 2014-08-20T17:25:06
  1. Savannah Guthrie via Twitter

    Savannah Guthrie, baby Vale send adorable birthday wishes to Al Roker

    8/20/2014 6:43:47 PM +00:00 2014-08-20T18:43:47
  1. Getty Images

    Dear celebrities, please stop straightening your hair!

    8/20/2014 8:31:41 PM +00:00 2014-08-20T20:31:41