Good news for Medicare Part D policy holders - the average cost of prescription drug premiums will not increase in 2012.
The average monthly premium for a Medicare Part D plan in 2012 will be about $30, according to government officials. The average Part D premium for 2011 was $30.76.
But it is still important to read your annual notice of change that your plan will be sending you in September. Why? Because averages are just that - average. Check to see what actually happened with the monthly premium on your Part D plan. Then check the co-pays, deductibles and formulary - that's the list of drugs and how much the prescription will cost you.