Tag: prescription drug coverage

Open enrollment

This blog is for the procrastinators. The last day of Medicare open enrollment for people who want to switch their Medicare Advantage or Part D insurance plans is Dec. 7. The hoopla around this open enrollment period can be confusing, because Medigap supplemental plans are on a different schedule. The optimal time to buy a…

Smiling woman eating green apple.

The brief’s key findings are: Medicare Part D provides access to prescription drug coverage for seniors and reduces their cost burden by subsidizing premiums and contributing to cost-sharing. The question is, how large is the lifetime subsidy for a typical 65-year-old? The analysis estimates a lifetime subsidy of about $20,000 to $60,000 per person, depending…