Most and Least Expensive Medicare Drug,
Advantage Plans Identified for 2015
With Medicare Open Enrollment beginning on
October 15, free website presents an analysis of advantage and drug
September 19, 2014 - HealthPocket, a website that
compares and ranks all health insurance plans analyzed the release of
2015 Medicare insurance data and has a slightly different conclusion on
the cost of Medicare Advantage plans than does the Centers for Medicare
and Medicaid Services. CMS sees the average premium for 2015 as $32.26,
while HealthPocket sees $62.69. They may both be right. They do agree
the increase in cost for the 2015 plans is very small.
(See link to Centers for
Medicare & Medicaid announcement in box below)
HealthPocket reports the 2015 average premium is only 2% higher than
the 2014 average premium of $61.69. This amount is also 94% higher than
the average of $32.26 that the government reported since the government
weighted their average by projected plan enrollment rather than
averaging premiums across all options available in the market.
The least expensive Medicare Advantage plan monthly
premium is still $0. However, these
$0 Medicare Advantage plans appear to be in decline. The
$0 Medicare Advantage plans in 2015 has decreased 19%
The most expensive Medicare Advantage plan, at
a month, is the HealthPartners Freedom Ultimate with Enhanced Rx plan in
the state of
Minnesota. In 2014, the most expensive Medicare Advantage
plan was also the HealthPartners Freedom Ultimate with Enhanced Rx in
the state of
Minnesota. It cost $343.30 per month, 1% lower
than in 2015.
The average drug deductible for 2015 Medicare
Advantage plans is
$129.87. This is 94% higher than the 2014 average
deductible of $66.88.
As is the case for 2015 Medicare Part D plans, the maximum allowable
Medicare Advantage drug deductible in 2015 is $320.
Medicare Part D Drug Plans
The average premium across all Medicare Part D drug
plans in the United
States for 2015 is $53.90. This is 1% lower than
the 2014 average premium of $54.56. This amount is also 68%
higher than the average premium of $32 that the government
reported since the government weighted the 2015 premium average by
anticipated plan enrollment rather than averaging premiums across all
Part D plan options available in the market.
The least expensive Medicare Part D plan in 2015,
per month, is the SilverScript Choice plan in the state of
In 2014, the least expensive Medicare drug plan was the Humana Walmart
Rx Plan in Alaska.
It cost $12.50
per month, 1% lower than the least expensive plan in 2015.
The most expensive 2015 Medicare Part D plan, at
a month, is the BlueMedicare Rx-Option 2 plan in the state of
In 2014, the most expensive Medicare Part D plan was also the
BlueMedicare Rx-Option 2 in the state of Florida. It cost
per month, 2% higher than in 2015.
The average deductible for 2015 Medicare Part D
drug plans is $157.91.
This amount is 1% higher than the 2014 average deductible of
The maximum allowable Medicare Part D deductible in 2015 is
The maximum possible cap on out-of-pocket costs for
covered drug expenses in 2015 is $4,700 for both Part D and
Medicare Advantage plans. This limit is $150 higher than the 2014 limit
After this out-of-pocket threshold is reached, the beneficiary will be
provided 'catastrophic coverage' with lower drug cost-sharing.
Initial 2015 Medicare Part D and Medicare Advantage
plan information will be made available within the Medicare Plan
Comparison Tool at
HealthPocket.com is a free website that compares
and ranks all health insurance plans available to an individual, family,
or small business to allow consumers to make their best health plan
decision and reduce their out of pocket costs. HealthPocket reports it
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. Learn more at
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