“Monthly premiums for enrollees on Medicare Part D prescription drug plans will see their premiums rise next year and have fewer policies to choose from, according to an analysis released Wednesday by Avalere Health. Avalere found consumers of the 10 most popular standalone prescription drug plans will see their premiums increase by an average of 4 percent. The top 10 prescription drug plans cover 85 percent of all consumers enrollees in the plans. The number of available prescription drug plans is also projected to fall by 23 percent, from 886 in 2016 to 678 in 2017. Even so, Avalere projects that beneficiaries in every state will have at least 16 policies to choose from.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
More to consider in choosing between traditional Medicare and Medicare Advantage.