Cost Minimization of Medicare Part D Prescription Drug Plan Expenditures
Conclusions
The CMA revealed that a high percentage (90.3%) of beneficiaries
were not enrolled in the lowest-cost Medicare Part D
plan. This finding emphasizes the need for annual reevaluation of
Part D plan offerings by Medicare beneficiaries. Our study results
further indicate that Part D community outreach interventions
performed by trained student pharmacists can help Medicare
beneficiaries to navigate their Part D benefit effectively. In their
capacity as patient advocates, these trained pharmacy students
may have a pivotal role in reducing out-of-pocket costs for Part
D beneficiaries. Although the largest absolute potential cost
savings could be expected for those participants without a subsidized
benefit (non–dual-eligible and non-LIS beneficiaries),
those with a subsidized benefit can potentially realize a greater
percentage of cost savings.
http://www.ajmc.com/media/pdf/AJMC_09aug_Patel_545to553.pdf
Tags: Cost Minimization of Medicare Part D Prescription Drug Plan, low income subsudy, out-of-pocket costs for Part D