This paper presents a novel inductive link for wireless transmission of power and data to biomedical implantable microelectronic devices using multiple carrier frequencies. Achieving higher data bandwidth without compromising the power efficiency is the driving force to use two separate carriers. Two separate pairs of coils have been utilized for inductive power and forward data transmission. One major challenge, however, is to minimize the interference among these carriers especially on the implantable side, where size and power are highly limited. Planar power coils with spiral shape are optimized in geometry to provide maximum coupling coefficient, k. The data coils are designed rectangular in shape and wound across the power coils diameter to be oriented perpendicular to the power coil planes. The goal is to maximize data coils direct coupling, while minimize their cross-coupling with the power coils. The effects of coils geometry, relative distance, and misalignments on the coupling coefficients have been modeled and experimentally measured.