Top Ten Low Cost Medicare Part D Plans

By | February 26, 2013

The Avalere study determined that during the open enrollment period, beneficiaries sought out and and chose a low-cost Medicare prescription drug plan (PDP). The market competition that help shift enrollees to low-cost PDP’s has helped keep Medicare Part D premiums fairly stable in 2013.

The Top 10 Low Cost Medicare Part D Plan Providers

  1. AARP MedicareRx Preferred (PDP)
  2. SilverScript Basic (PDP)
  3. Humana Walmart-Preferred Rx Plan (PDP) [
  4. Humana Enhanced (PDP)
  5. Cigna Medicare Rx Plan One (PDP)
  6. First Health Part D Premier (PDP)
  7. WellCare Classic (PDP)
  8. First Health Part D Value Plus (PDP)
  9. AARP MedicareRx Saver Plus (PDP)
  10. HealthSpring Prescription Drug Plan (PDP)

The low premiums for 2013 are a result of the rapid growth, and competition, in the Medicare Part D market. Preferred pharmacy networks are the way that most of the low-cost plans control their costs. The side effect of this is that the plans typically charge require enrollee’s to pay more at non-preferred pharmacies.

Stand alone Medicare Part D plans are becoming increasingly popular. There are more PDP plans sold than Medicare Advantage plans.