Medicare Part D: A First Look at Prescription Drug Plans in 2017

(By Jack Hoadley, Juliette Cubanski and Tricia Neuman for Kaiser Family Foundation published October 17, 2016)

During the Medicare open enrollment period, which runs from October 15 to December 7 each year, beneficiaries can enroll in a plan that provides Part D drug coverage, either a stand-alone prescription drug plan (PDP) as a supplement to traditional Medicare, or a Medicare Advantage drug plan (MA-PD), which provides all Medicare-covered benefits including drugs. Of the nearly 41 million beneficiaries enrolled in Part D plans, about 6 in 10 are in PDPs and the rest in MA-PD plans.1 This issue brief provides an overview of the 2017 PDP marketplace,2 based on our analysis of data from the Centers for Medicare & Medicaid Services (CMS).3 Key findings include: Continue reading findings here……

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