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Monday, October 25, 2021

Despite Potential Savings Most Medicare Part D Participants Don't Switch Plans

Most Medicare Part D participants don't switch plans even though they will save money. "Plan Stickiness" is a common phenomenon Kaiser Family Foundation reports:

"Each year, Medicare beneficiaries in private Medicare Advantage plans and Part D stand-alone prescription drug plans (PDPs) have the opportunity to change plans during the annual open enrollment period (October 15 to December 7)."

" Medicare’s private plans vary significantly from each other and can change from one year to the next, which can have a significant impact on enrollees’ coverage and costs. The Centers for Medicaid & Medicare Services (CMS) encourages beneficiaries to shop for Medicare Advantage and prescription drug plans to potentially save money on prescriptions or get new benefits."

Click here to read more

Recommended Citation: Gelman, Jon L.,  Despite Potential Savings Most Medicare Part D Participants Don't Switch Plans, Workers' Compensation Blog (Oct. 25, 2021),

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Jon L. Gelman of Wayne NJ is the author of NJ Workers’ Compensation Law (West-Thomson-Reuters) and co-author of the national treatise, Modern Workers’ Compensation Law (West-Thomson-Reuters). For over 4 decades the Law Offices of Jon L Gelman  1.973.696.7900  has been representing injured workers and their families who have suffered occupational accidents and illnesses.

Blog: Workers ' Compensation

Twitter: jongelman

LinkedIn: JonGelman

LinkedIn Group: Injured Workers Law & Advocacy Group

Author: "Workers' Compensation Law" West-T