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Changes in stand-alone Medicare Part D PDP premiums from 2007 to 2022 - The Highs and Lows

Category: Annual Medicare Plan Changes
Published on 2021-09-30 12:29:30


In July 2021, the Centers for Medicare and Medicaid Services (CMS) projected that the average 2022 basic monthly Part D premium should be around $33 per month - an increase of $2.50 from the 2021 projected average premium of $30.50.

And based on a preliminary analysis of only the 2022 stand-alone Part D plans, we found that the national average 2022 Medicare Part D premium (not considering plan enrollment) increased from $41.38 in 2021 to $47.55 in 2022, supporting the CMS projection that the monthly Medicare Part D plan premiums would increase slightly as compared to 2021.

We also found that the national average monthly 2022 Medicare Part D premium, weighted by the number of people currently enrolled in each plan, will increase to $43.19 a 15% increase over the 2021 weighted monthly premium of $37.54

Bottom Line:  This means that many current members of 2021 Part D plans can expect to see increases in their 2022 Part D plan premiums - unless they consider moving to a lower-premium 2022 Part D plan or Medicare Advantage plan.

You can read more about the average and average weighted national Medicare Part D premium in our article: " 84% of the people currently enrolled in a 2021 stand-alone Medicare Part D drug plan may see premium increases in 2022"

Please note, the average monthly premium in each state or Medicare region will vary from the national average and can be seen in our 2022 Medicare Part D plan analysis found at PDP-Facts.com (you can see state-specific summaries by clicking on your state abbreviation).

Here are a few highlights of the lowest and highest monthly Medicare Part D premiums across the country.
  • The lowest-premium 2022 stand-alone Medicare Part D plans . . .
Colorado has the lowest monthly premium stand-alone 2022 Medicare Part D plan.  The Wellcare Value Script (PDP) will offer a monthly premium of $5.50 for Colorado residents.  The SilverScript SmartRx (PDP) will offer the lowest premium plan in all other states, with premiums ranging from $6.40 (in Arkansas and Louisiana) to $7.80 (in Hawaii).
  • The lowest-premium 2022 stand-alone Medicare Part D plan - with a $0 deductible . . .
The 2022 Medicare Part D plan with the lowest monthly premium - and a $0 initial deductible - is the Wisconsin SilverScript Plus (PDP) plan, with a premium of $45.00 per month.  The 2022 SilverScript Plus (PDP) plan is the lowest-premium $0 deductible plan in many other states with premiums up to $68.20 in Texas. The Wellcare Medicare Rx Value Plus (PDP) is the lowest priced $0 deductible plan in many other states, ranging from $59.00 Arizona to between $68.30 and $69.00 in most other states.
  • The 2022 stand-alone Medicare Part D plan with the highest premium . . .
The 2022 Medicare Part D plan with the highest monthly premium continues to be the BlueCross Rx Plus (PDP) in South Carolina at $207.20 as compared to last-year's premium of $205.30 per month.

The chart below shows how the low and high Medicare Part D premiums have varied over the past years.

Medicare Part D premium range - highs and lows
For more information, please see our PDP-Facts.com/2022 for Medicare Part D premium highs and lows in your state.

Reminder: The annual Open Enrollment Period (AEP or Annual Election Period) for Medicare Advantage plans and Medicare Part D drug plans begins on October 15 and continues through December 7.

Don't forget that your Medicare plan costs and coverage can change each year - so be sure to evaluate your plan options during the AEP.

If you or another Medicare beneficiary needs assistance understanding how your 2021 Medicare plan is changing in 2022 or to learn more about your 2022 Medicare plan coverage options, please call 1-800-MEDICARE (1-800-633-4227) and speak with a Medicare representative.






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Tips & Disclaimers
  • The Medicare Advantage and Medicare Part D prescription drug plan data on our site comes directly from Medicare and is subject to change.
  • Medicare has neither reviewed nor endorsed the information on our site.
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  • The benefit information provided is a brief summary, not a complete description of benefits. For more information contact the plan.
  • Limitations, copayments, and restrictions may apply.
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  • When enrolling in a Medicare Advantage plan, you must continue to pay your Medicare Part B premium.
  • Medicare beneficiaries with higher incomes may be required to pay both a Medicare Part B and Medicare Part D Income Related Monthly Adjustment Amount (IRMAA). Read more on IRMAA.
  • Medicare Advantage plans that include prescription drug coverage (MAPDs) are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA), just as members in stand-alone Part D plans. In certain situations, you can appeal IRMAA.
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  • If you are enrolled in a Medicare plan with Part D prescription drug coverage, you may be eligible for financial Extra Help to assist with the payment of your prescription drug premiums and drug purchases. To see if you qualify for Extra Help, call: 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048, 24 hours a day/ 7 days a week or consult www.medicare.gov; the Social Security Office at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday. TTY users should call, 1-800-325-0778; or your state Medicaid Office.
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  • A Medicare Advantage Private Fee-for-Service plan (PFFS) is not a Medicare supplement plan. Providers who do not contract with the plan are not required to see you except in an emergency.
  • Disclaimer for Institutional Special Needs Plan (SNP): This plan is available to anyone with Medicare who meets the Skilled Nursing Facility (SNF) level of care and resides in a nursing home.
  • Disclaimer for Dual Eligible (Medicare/Medicaid) Special Needs Plan (SNP): This plan is available to anyone who has both Medical Assistance from the State and Medicare. Premiums, co-pays, co-insurance, and deductibles may vary based on the level of Extra Help you receive. Please contact the plan for further details.
  • Disclaimer for Chronic Condition Special Needs Plan (SNP): This plan is available to anyone with Medicare who has been diagnosed with the plan specific Chronic Condition.
  • Medicare MSA Plans combine a high deductible Medicare Advantage Plan and a trust or custodial savings account (as defined and/or approved by the IRS). The plan deposits money from Medicare into the account. You can use this money to pay for your health care costs, but only Medicare-covered expenses count toward your deductible. The amount deposited is usually less than your deductible amount, so you generally have to pay out-of-pocket before your coverage begins.
  • Medicare MSA Plans do not cover prescription drugs. If you join a Medicare MSA Plan, you can also join any separate (stand-alone) Medicare Part D prescription drug plan
  • There are additional restrictions to join an MSA plan, and enrollment is generally for a full calendar year unless you meet certain exceptions. Those who disenroll during the calendar year will owe a portion of the account deposit back to the plan. Contact the plan provider for additional information.
  • Medicare beneficiaries may enroll through the CMS Medicare Online Enrollment Center located at www.medicare.gov.
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