Oct. 11, 2013 - In an analysis of Medicare
standalone prescription drug plans (Part D) based on data recently
released by the Centers for Medicare and Medicaid Services (CMS),
HealthPocket found that plans will have a stable average premium of
$53.80 for 2014, compared to $53.74 for 2013. The analysis also found
that the number of participating plans is consistently high throughout
the states, ranging from the high 20s to low 30s.
The lowest premium price leader for 2014 is a
Humana Walmart RX plan at
$12.60 a month. Last year's leader, UnitedHealthcare's
AARP MedicareRX Saver Plus,
rose from $15 to an average of $23.74 per month for 2014. States that
have a premium average more than 10 percent above the national
average are: Florida ($63.73); Idaho ($62.23); Utah ($62.23); and
Pennsylvania ($61.62). States that have a premium average more than 10
percent below the national average are: Arkansas ($48.15); Maine
($47.67); New Hampshire ($47.67); and Hawaii ($41.98).
"These numbers point to a positive overall picture
for Medicare enrollees concerned about their premiums for prescription
drugs," said Steve Zaleznick, executive director for Consumer Strategy
and Development at HealthPocket.com.
"Yet the ultimate costs for Part D drugs can vary
widely depending on where a medication fits within a plan's pricing
schedule and if there are any restrictions. Consumers should do their
research and make their ultimate choice based on a combination of these
factors to get the best deal."
Seniors also need to be aware that the Medicare
annual enrollment period does not follow the highly publicized schedule
for the Affordable Care Act (ACA) marketplaces. The deadline for
Medicare annual enrollment ends on December 7, versus December 15 for an
ACA plan to be effective January 1, 2014.
In addition to the government's Medicare site,
during open enrollment consumers can review their prescription
medication needs and use pricing tools to compare how each plan covers
their prescriptions by using HealthPocket's free
Medicare comparison tool.
About HealthPocket HealthPocket.com is a free website that compares and ranks all
health plans available to an individual, family, or small business, so
everyone can make their best health plan decision and save on their out
of pocket costs. The Company uses only objective data from government,
non-profit, and private sources that carry no conditions that might
restrict the site from serving as an unbiased resource. The founders of
HealthPocket.com spent decades pioneering online access to health
insurance information and knew they could offer something different that
can positively change how people buy and use healthcare in the U.S.
Learn more at
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