More importantly, over 4 million Medicare beneficiaries currently enrolled in stand-alone 2019 Medicare Part D prescription drug plans (PDPs) will see at least a 20% increase in their monthly premium if they stay enrolled in their current plan into 2020 - with 1.5 million people currently enrolled in a 2019 Part D plan seeing their premiums double in 2020.
| 2020 PDP Premium Increase/Decrease Summary | ||
| Percentage Premium Increase | Nbr of Members* | Cumulative Nbr of Members* |
| 100% or more | 1,507,798 | 1,507,798 |
| 50% to 99% | 646,078 | 2,153,876 |
| 20% to 49% | 1,874,317 | 4,028,193 |
| 10% to 19% | 2,017,914 | 6,046,107 |
| 1% to 9% | 5,302,254 | 11,348,361 |
| no change | 316,345 | |
| -1% to -9% | 5,723,754 | 5,723,754 |
| -10% to -19% | 2,368,116 | 8,091,87 |
| -20% to -49% | 247,371 | 8,339,241 |
| -50% to -73% | 50,486 | 8,389,727 |
*Note: These enrollment figures do not include members who will be crosswalked to a new plan.
Some of the largest 2020 Medicare Part D plan premium increases are highlighted in the table below:
| Highlights of the Larger stand-alone Medicare
Prescription Drug Plan Premium Increases |
||||||
| 2020 Plan Name | 2019 Premiums |
2020 Premiums |
Premium Increase | Percent Increase | States | Members Affected |
| Humana Premier Rx Plan (PDP) was the 2019 Humana Walmart Rx Plan (PDP) | Ranging from $22.20 to $45.60 |
Ranging from $51.20 to $69.10 |
up to $34.60 |
up to 145% | all states |
1,978,940 members will see at least a 36% premium increase. Members in NM will see a 145% premium increase |
| EnvisionRxSecure (PDP) | Ranging from $14.90 to $16.50 | Ranging from $23.00 to $37.50 | up to $21 | up to 127% | 5 states | 652,381 members will see at least a 54% increase in premium |
| WellCare Medicare Rx Select (PDP) was the 2019Aetna Medicare Rx Select (PDP) |
Ranging from $12.20 to $19.20 | Ranging from $13.10 to $35.70 | up to $18.60 | up to 108% |
all states |
441,526 members will see at least a 25% increase in premium. Only VA IL will see a premium reduction. |
| SilverScript Plus (PDP) |
Ranging from $44.10 to $85.20 | Ranging from $56.70 to $101.40 | up to $35.40 | up to 80% | all states | 160,719 members will see at least a 24% increase |
However, there is good news for some plan members: 2020 Premium Decreases
Approximately 8.4 million Medicare beneficiaries will see a decrease in their 2020 Medicare Part D plan premium. The largest decrease is the Texas EnvisionRxPlus plan where the premium will fall from $52.10 in 2019 to $14.20 in 2020.
Where can you see how your 2019 Medicare plan is changing in 2020?
You can use our PDP-Compare and MA-Compare tools to learn more about how 2019 Medicare Part D and Medicare Advantage plans are changing in 2020. Our PDP-Compare and MA-Compare show changes in all 2019/2020 stand-alone Medicare Part D prescription drug plans (PDPs) and Medicare Advantage plans (MAs or MAPDs) across the country and include changes in plan features such as premium, deductible, cost-sharing and formulary size changes.
Our Medicare plan compare tools also highlight 2019 plans that will be merged or discontinued in 2020 and new plans that will be added in 2020.
Reminder about looking beyond your plan's low premium
If you are using several brand-name medications or an expensive specialty medication, your monthly Medicare plan premiums may not be a significant part of your annual medication costs. Be sure to consider the entire cost of your drug coverage when choosing a Medicare plan: premiums, co-payments, co-insurance, additional Donut Hole coverage, and catastrophic coverage.
Not sure whether your 2019 Medicare plan is still the most economical 2020 plan option?
Medicare beneficiaries can telephone Medicare at 1-800-633-4227, speak with a Medicare representative, and learn more about Medicare plan coverage and their 2020 Medicare Part D and Medicare Advantage plan options.