The 2015 stand-alone Medicare Part D plan with the lowest monthly premium is Humana Walmart-Preferred Rx Plan (PDP) with a $15.60 - $15.70 monthly premium with a $320 initial deductible.
If you prefer a stand-alone 2015 Medicare Part D plan with no deductible (or $0 initial deductible), then you might consider the SilverScript Choice (PDP) that has a monthly premium of $12.60 in New Mexico to $30.40 in New Jersey.
In addition to stand-alone Medicare Part D plans, you may find many Medicare Advantage plans in your area that include prescription drug coverage and have a $0 monthly premium. Forty-six states, plus Puerto Rico offer such plans.
In 2015, 35% of Medicare Advantage plan have a $0 premium and an additional 9% of the 2015 Medicare Advantage plans will have a premium between $0.70 and $25. Overall, 69% of the 2015 Medicare Advantage plans will have a premium under $50 with a slight trend moving toward the $20 premium range.
| 2015 Medicare Advantage Plan Premium Analysis |
||||||
| Premium | 2015 Plans | % of 2015 MA Plans | 2014 Plans | % of 2014 MA Plans | Change ’14 to ‘15 | % Change ’14 to ‘15 |
| Total Plans | 2628 | 2645 | -17 | -1% | ||
| MSA no Premium | 7 | 0% | 6 | 0% | 1 | 17% |
| $0 Premium Plans | 908 | 35% | 968 | 37% | -60 | -6% |
| Premium >$0-$25 | 224 | 9% | 294 | 11% | -70 | -24% |
| Premium >$25-$50 | 689 | 26% | 576 | 22% | 113 | 20% |
| Premium $0-$50 | 1821 | 69% | 1838 | 69% | -17 | -1% |
| Premium >$50-$75 | 258 | 10% | 258 | 10% | 0 | 0% |
| Premium >$75-$100 | 183 | 7% | 205 | 8% | -22 | -11% |
| Premium >$100-$200 | 294 | 11% | 282 | 11% | 12 | 4% |
| Premium >$200-$300 | 61 | 2% | 51 | 2% | 10 | 20% |
| Premium >$300 | 4 | 0% | 5 | 0% | -1 | -20% |
Here is a graph showing the dispersion of 2014 Medicare Advantage plan premiums as compared to 2015 Medicare Advantage plan premiums.
