Tag: prescription drug coverage
![Open enrollment](https://crr.bc.edu/wp-content/uploads/2021/11/medicare-enrollment-art.png)
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.](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…