We are notifying the members in the following closed plans that their prescription drug coverage will be considered non-creditable in 2017, which is a change from 2016, when their prescription drug coverage was considered creditable. This means that the coverage offered by their plan is not expected to pay out as much as standard Medicare prescription drug coverage pays.
Medicare prescription drug premiums projected to remain stable
Centers for Medicare & Medicaid Services (CMS) projected today that the average premium for a basic Medicare Part D prescription drug plan in 2016 will remain stable, at an estimated $32.50 per month.