Back in July 2020, the Centers for Medicare and Medicaid Services (CMS)
that the average 2021 basic monthly Part D premium should be around $30.50 per
month - an increase of $0.50 from the 2020 projected average premium of $30.
And based on a preliminary analysis of only the
2021 stand-alone Part D plans
we found that the national average 2021 Medicare Part D premium (not considering plan enrollment)
in 2020 to $41.38
in 2021, supporting the CMS projection
of the monthly Medicare Part D plan premiums would increase slightly as compared the past
However, we also found that the national average monthly 2021 Medicare Part D premium,
weighted by the number of people currently enrolled in each plan, will increase
a 8% increase over the 2020 weighted monthly premium of $37.72.
This means that many current members of 2020 Part D plans
can expect to see increases in their 2021 Part D plan premiums - unless they consider
moving to a lower-premium 2021 Part D plan.
You can read more about the average and average weighted national Medicare Part D premium
in our article: "
Sixty-seven percent of Medicare Part D beneficiaries can expect higher monthly stand-alone 2021 Medicare
Part D prescription drug plan premiums
Please note, the average monthly premium in each state or Medicare region will vary
from the national average and can be seen in
our 2021 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 lowest-premium 2021 stand-alone Medicare Part D plans
has the lowest monthly premium stand-alone 2021 Medicare Part D plan.
SilverScript SmartRx (PDP)
will offer a monthly premium of $5.70
for Hawaii residents. SilverScript will offer the same Part D plan in all other states
with premiums ranging from $6.20
) to $7.80
The lowest-premium 2021 stand-alone Medicare Part D plan - with a $0 deductible
The 2021 Medicare Part D plan with the lowest monthly premium - and a $0 initial deductible -
Illinois Indy Health EliteRx (PDP)
plan, with a premium of $43.30
per month. However, the 2021 SilverScript Plus (PDP) plan is the lowest-premium $0 deductible plan in
many other states with premiums ranging from $52.20 in
to $88.60 in
The 2021 stand-alone Medicare Part D plan with the highest-premium
The 2021 Medicare Part D plan with the highest monthly premium continues to be the
BlueCross Rx Plus (PDP)
in South Carolina at
as compared to last-year's premium of $191.40
The chart below shows how the low and high Medicare Part D premiums have varied over the past years.
For more information, please see our PDP-Facts.com/2021
for Medicare Part D premium highs and lows in your state.
The annual Open Enrollment Period (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 ensure that you have chosen the most economic healthcare coverage.
If you or another Medicare beneficiary needs assistance understanding how your 2020 Medicare plan is changing in 2021
or to learn more about your 2021 Medicare plan coverage options, please call 1-800-MEDICARE (1-800-633-4227) and speak with a Medicare representative.