Don't Put Your Medicare Part D Plan on Autopilot

Robert Powell, CFP®

Some 43 million of the 60 million people with Medicare have prescription drug coverage under a Medicare Part D plan, according to a new report published by the Kaiser Family Foundation.

According to that report, most (58%) are covered under a stand-alone prescription drug plan (PDP) but a growing share (42% in 2018) are in Medicare Advantage prescription drug plans (MA-PD), which also provide other Medicare-covered benefits. The report also noted that more than 12 million Part D enrollees receive premium and cost-sharing assistance through the Part D Low-Income Subsidy program.

Choose a membership to read the full story.
Join TheStreet+ Today
Get the latest research, news and analysis to help you achieve your retirement goals.
  • Unlock Financial Strategies to Help Your Retirement Planning
  • Tips and Advice on Everything You Need to Know to Live Well in Retirement
  • Submit Your Most Pressing Retirement Questions to Top Retirement Expert, Bob Powell
  • Latest News in Social Security, Medicare and Retirement Planning
Already a Premium Member? Click Here to Log In

Social Security/Medicare