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Part D premiums will be increasing in 2022

The Centers for Medicare and Medicaid Services (CMS) is projecting that the average monthly premium for Medicare Part D coverage will increase in 2022. The agency is projecting Part D premiums will increase to approximately $33.27, a 4.9 percent increase from the 2021 amount of $31.47. However, the agency will release the finalized amount and the cost-sharing information for both Medicare Advantage and Medicare Part D plans in September. For more information, click here…

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