Most Medicare Part D beneficiaries not in low-cost drug plan

An analysis of more than 100,000 user sessions on PlanPrescriber.com found only 5 percent of customers were in the Medicare prescription drug plan (PDP) with the lowest total out-of-pocket costs available to them. Only 24 percent of customers were in the Medicare Advantage prescription drug (MAPD) plan with the lowest total out-of pocket costs.

PlanPrescriber.com is a wholly-owned subsidiary of eHealth Inc. (NASDAQ:EHTH).

Average users who made the switch to the plan with the lowest out-of-pocket costs in 2012 could have saved $654 over their existing PDP and $605 over their existing MAPD. Customers with an existing PDP would spend $2,076 per year and $1,980 per year with their existing MAPD.