CMS: Part D Monthly Premium to Decline Slightly in 2019
The Centers for Medicare & Medicaid Services yesterday projected that the average basic premium for a Medicare Part D prescription drug plan will decrease by $1.09 in 2019 to $32.50. The projection is based on bids submitted by drug and health plans for basic drug coverage for the 2018 benefit year. Although Part D premiums have declined slightly since 2017, federal payments for Part D catastrophic coverage more than tripled between 2010 and 2015. According to a recent analysis by Avalere, the number of Part D beneficiaries who reach the catastrophic coverage phase of the prescription drug benefit due to high out-of-pocket costs rose by more than 50% between 2013 and 2016.
Related News Articles
Headline
A Health Affairs study published Nov. 3 examined an increase in states banning prior authorizations in private insurance plans for opioid use disorder…
Headline
The AHA has released a social media toolkit with sample posts and graphics encouraging people to sign up for 2026 health coverage via the Health Insurance…
Headline
A new report from KFF reveals that Medicare Advantage enrollees had access to just 48% of the physicians available to Traditional Medicare beneficiaries in…
Headline
The AHA Oct. 23 recommended changes to the Centers for Medicare & Medicaid Services’ Wasteful and Inappropriate Services Reduction model to address…
Headline
Annual premiums for employer-sponsored family health coverage in 2025 increased 6% over last year to $26,993, according to KFF’s annual Employer Health…
Headline
The Centers for Medicare & Medicaid Services has released an operational guide for Medicare-enrolled providers and suppliers on the Wasteful and…