Avalere Health says Medicare Part D to reach highest premiums ever

3 years 8 months 2 weeks ago Wednesday, September 30 2015 Sep 30, 2015 Wednesday, September 30, 2015 2:27:00 PM CDT September 30, 2015 in News
By: Ashley Holt, KOMU 8 Reporter
loading

COLUMBIA -  Avalere Health analysts published a report Monday showing the premium cost of many Medicare Part D plans will rise to the highest costs they've ever been in 2016.  

Part D deals with prescription medication. The report says the price increase could force many Medicare users to reconsider their plans come October.

According to Avalere, the top 10 most popular Part D plans, accounting for more than 80 percent of enrollment in standalone prescription drug plans (PDPs), will have an average premium increase of 8 percent.

The average PDP premium for all plans in 2016 will be more than $40 for the first time ever, Avalere said. Comparatively, the 2015 projection was $38.83 versus the 2016 projected $41.34.

"I'm responsible for all of my medication, and the rise in that would have a tremendous impact on my situation," said one Columbia Medicare user June Hoff. 

The director of the Columbia Senior Center said the increase will hurt a lot of people's pockets. 

"They're either going to have to make the choice of having to pay for their medication or eating, or paying some of their utility bills," Jan Palmer said. "They can't do both. We see that a lot with our seniors here." 

Palmer said most of the seniors that come through the center are taking vital drugs for their balance, Type 2 Diabetes, heart disease or high blood pressure.

"If they're having to make a choice, a lot of them will skip their medication, or take their medication every once in a while instead of the way it's directed by their physician to be take," Palmer said. 

Hoff said, "You have to give up something because it's just like a budget and anything else. If you have "x" amount of dollars, it's what you use."

However, she said she is prepared to make sacrifices as needed.

"It won't affect my health because my health comes number one to me," Hoff said. 

The health care enrollment period for 2016 begins October 15. 

More News

Grid
List
COLUMBIA - During the Columbia City Council meeting on Monday, it is expected to discuss construction for a hiking trail... More >>
5 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 2:54:00 AM CDT June 17, 2019 in News
COLUMBIA - The city council plans to vote on the Climate Action and Adaptation Plan (CAAP) on Monday. The... More >>
6 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 2:18:00 AM CDT June 17, 2019 in News
MILLER COUNTY - A Brumley man was pronounced dead at the scene of a single car accident on MO 42... More >>
12 hours ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 8:33:00 PM CDT June 16, 2019 in News
FULTON - Two Fulton residents were arrested Sunday afternoon after authorities say they resisted arrest. Fulton Police attempted to... More >>
15 hours ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 5:34:00 PM CDT June 16, 2019 in News
OLEAN - As natural disasters swept through Missouri, some people are unable to stay in their homes. Flood victims... More >>
15 hours ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 5:00:00 PM CDT June 16, 2019 in News
ELDON - A St. Charles woman has died from injuries sustained after a golf cart crash in Eldon Saturday. ... More >>
16 hours ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 4:42:00 PM CDT June 16, 2019 in News
JEFFERSON CITY (AP) — A bill dubbed the "Jedi Disposal Act" could soon make Missouri the first state to allow... More >>
17 hours ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 2:50:12 PM CDT June 16, 2019 in News
COLUMBIA - The missing 5-year-old girl found safe in North Carolina this week is now back in her father's custody.... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 8:59:00 PM CDT June 15, 2019 in News
COLUMBIA - Shelter Insurance will hold its 43rd season of Concerts in the Garden series. According to Shelter Insurance's... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 8:12:00 PM CDT June 15, 2019 in News
MORGAN COUNTY - Five people were injured when a passenger boat exploded on the Lake of the Ozarks Saturday afternoon.... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 6:56:00 PM CDT June 15, 2019 in News
COOPER COUNTY - One man is dead and another injured after a two vehicle collision in Cooper County Friday afternoon.... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 4:20:47 PM CDT June 15, 2019 in News
BOONE COUNTY - Workers and volunteers began cleaning up Cooper’s Landing Saturday after recent flooding forced them to close down... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 3:04:00 PM CDT June 15, 2019 in News
HATTON - One man is in custody after leading Callaway County Sheriff's deputies on a chase near Hatton Friday evening.... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 3:04:00 PM CDT June 15, 2019 in News
COLUMBIA - Two more women were arrested in connection to the case of a missing Boone County child who was... More >>
1 day ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 10:12:00 AM CDT June 15, 2019 in News
COLUMBIA - Cooper's Landing is asking people to help them clean up after recent flooding. The restaurant closed nearly... More >>
2 days ago Friday, June 14 2019 Jun 14, 2019 Friday, June 14, 2019 11:10:00 PM CDT June 14, 2019 in Continuous News
MEXICO - Ayanna Shivers made history on April 8 when the Mexico City Council elected her mayor. Shivers is... More >>
2 days ago Friday, June 14 2019 Jun 14, 2019 Friday, June 14, 2019 10:58:00 PM CDT June 14, 2019 in News
RUSSELLVILLE - The volunteer fire department in Russellville is celebrating after receiving new tires for one of its trucks. ... More >>
2 days ago Friday, June 14 2019 Jun 14, 2019 Friday, June 14, 2019 9:42:00 PM CDT June 14, 2019 in News
COLUMBIA - A Chariton County man charged with involuntary manslaughter in the death of his fiance has pleaded not guilty.... More >>
2 days ago Friday, June 14 2019 Jun 14, 2019 Friday, June 14, 2019 9:04:00 PM CDT June 14, 2019 in News
Columbia, MO
Broken Clouds 70°
9am 69°
10am 69°
11am 71°
12pm 72°