Eight things to know from KFF study on 2020 Medicare PDPs

1. Average Medicare beneficiary will have a choice of 28 PDPs in 2020, a 29% increase from 2017
2. A total of 948 PDPs will be offered in 2020, an increase of 202 PDPs since 2017
3. Among 20 PDPs available nationwide, average monthly premiums will range from low of $13 for Humana Walmart Value Rx Plan to $83 for Express Scripts Medicare Choice
4. 2/3 of Part D enrollees w/o low-income subsidies will have 2020 premium increases if stay in same plan, and 1/3 will have premium decreases.
5. The estimated national average monthly PDP premium for 2020 is projected to increase by 7% to $42.05
6. In 2020, all PDPs will have a benefit design with 5 or 6 tiers for covered generic, brand-name, and specialty drugs, and cost sharing other than standard 25% coinsurance
7. 86% of PDPs will charge a deductible, with most PDPs charging the standard deductible of $435 in 2020
8. Among all PDPs, median cost sharing is $0 for preferred generics and $3 for generics, but $42 for preferred brands and 38% coinsurance for non-preferred plus 25% for specialty

Source: Medicare Part D: A First Look at Prescription Drug Plans in 2020.
Source URL: https://www.kff.org/medicare/issue-brief/medicare-part-d-a-f...

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