WASHINGTON (AP) — Obama administration officials say they have some good election-year news for seniors.
Monthly premiums for popular Medicare Advantage insurance plans are rising by only $1.47 next year, to an average of $32.59.
The private plans often can provide the same services as traditional Medicare for a lower out-of-pocket cost, but seniors have to accept some restrictions on choice.
About 12 million Medicare recipients are in private plans. Enrollment is projected to rise by more than 1 million next year.
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