Flipping the switch: Enlightening beneficiaries about potential cost savings opportunities and examining factors associated with making a Medicare Part D plan change
methods: A series of 13 Mobile Medicare clinics were held throughout Northern/Central California during Fall 2014. Beneficiaries were offered Part D plan assistance at each clinic by trained student pharmacists/pharmacists. An interview was conducted with each beneficiary during which demographic, health, and attitudinal data were collected. In addition, we recorded whether the beneficiary switched plans onsite, and if so reasons behind such a switch.
results: Potential out-of-pocket cost savings were available for 446 (69.4%) of 643 assisted beneficiaries. Mean (SD) and median annual out-of-pocket cost savings were $1,623 ($5,673) and $271, respectively. We found that 254 (57.0%) beneficiaries with potential savings switched plans during their clinic visit. Factors that significantly differed between those who switched plans included current plan type (PDP vs. MA-PD) and self-confidence in selecting a plan.
conclusions: Annual plan reexamination can lower out-of-pocket costs for most beneficiaries. Sociodemographic characteristics may be unimportant in explaining which beneficiaries switch plans. Despite potential out-of-pocket cost saving, beneficiaries with MA-PDs may be less inclined to switch plans due to the importance of other factors (e.g., physician network).
Learning Areas:Implementation of health education strategies, interventions and programs
Other professions or practice related to public health
Provision of health care to the public
Describe the potential cost-savings opportunities through annual Part D plan examination Identify which factors were important in explaining which beneficiaries made onsite plan changes
Keyword(s): Medicare, Health Care Costs
Qualified on the content I am responsible for because: I have worked with thousands of Medicare beneficiaries over the last 8 years in trying to help lower their out-of-pocket drug costs. I have presented over 80 research projects on Medicare beneficiary outcomes and have published 20+ articles in peer-reviewed journals about the topic.
Any relevant financial relationships? No
I agree to comply with the American Public Health Association Conflict of Interest and Commercial Support Guidelines, and to disclose to the participants any off-label or experimental uses of a commercial product or service discussed in my presentation.