MedicarePartD.guide

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Example changes in 2012 Medicare Part D Plan premiums and Initial Deductibles

Annual Medicare plan changes · published Oct 4, 2011

As was true last year when we were looking toward 2011, you can expect to see changes in most monthly 2012 Medicare Part D prescription drug plan premiums and also some significant changes in 2012 Part D plan deductibles.

For example, 38,740 members of BlueRx in Pennsylvania and West Virginia will see a $150 increase in their initial deductible and a $7.30 increase in their premium.  Residents of Kansas and Missouri will see their 2011 Blue MedicareRx Value plan deductible increase from $150 to the standard deductible of $320 in 2012.  Missouri’s premium will also increase by 9% to $39.20 while Kansas’s premium will decrease slightly to $40.20.

WellCare Classic members in NY, NJ, NC, NV, and HI will see their $310 deductible reduced to a $0 deductible.  The WellCare Classic in all other states will continue to have the 2012 standard $320 deductible.  New York will see the largest WellCare Classic premium increase (18%).  New Jersey and Nevada will not only no longer have a deductible, but will see the largest WellCare Classic premium decrease (17%).

Medco Medicare Prescription Plan – Choice members will see their $250 deductible reduced to $150.  <Alabama and Tennessee plan members will also see a 20% increase in premium, with the 2012 premium being $74.90. While Illinois members will see an 18% decrease in their premium ($90.70 in 2012).

The 1,048,876 people currently enrolled in the First Health Part D Premier (PDP) plan will see their 2011 initial deductible of $150 increase to $250 and some will see their monthly premium increase as much as 10% (AR).  The majority will see their monthly premium decrease, with those in Alabama and Tennessee decreasing by $12.30 or 29% (see the Texas First Health Part D Premier plan changes here).

Across the nation, the MedicareRx Rewards Plus (PDP) members will see the largest premium increases.  Residents of District of Columbia, Delaware, and Maryland will see a 110% increase in premium, Florida 107%, Hawaii 103%, and New Mexico members will see a 100% premium increase.  Some of the larger premium increases are shown in the chart below:

Largest Premium Increases
Plan Name 2011
Premium
2012
Premium
%
$
Change

States
MedicareRx Rewards Plus (PDP) $50.40 $105.80 110% $55.40 DC DE MD*
Blue Shield Medicare Rx Plan (PDP) $62.70 $108.20 73% $45.50 CA
CVS Caremark Value (PDP) $31.40 $50.60 61% $19.20 CO
CVS Caremark Value (PDP) $25.70 $40.50 58% $14.80 AZ
HealthSpring Prescription Drug Plan $24.40 $38.10 56% $13.70 NM

*All MedicareRx Rewards Plus (PDP) members will see significant premium increases.   The smallest of which is 46% for New York state residents.