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Cost of Medicare Drug Plan Goes Up

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Most Medicare beneficiaries will see a slight increase in their drug plan premiums next year, says the Centers for Medicare and Medicaid Services.

On average, seniors will pay $30 a month for stand-alone drug plans in 2010, an increase of $2 from this year. But since premiums vary from plan to plan, seniors won't know their actual increase until more information becomes available in October, the Wall Street Journal reported.

Seniors should do comparisons when private insurers start advertising their plans, officials advised.

Beginning in mid-November, most seniors have six weeks to select a plan for the next year.

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