Tag: Part D subsidy
![Male doctor pointing finger at digital hologram made of Medicare icons](https://crr.bc.edu/wp-content/uploads/2023/07/Male-doctor-pointing-finger-at-digital-hologram-made-of-Medicare-icons-1536x1034.jpeg)
New study shows average lifetime benefits are more than one third of 401(k)/IRA balances. In a new study, my colleagues and I tried to figure out how valuable the Medicare Part D program was to individuals – basically whether they should consider it a big deal or a little deal as they plan for retirement…
![Smiling woman eating green apple.](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_3-1536x864.jpg)
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…