Medicare cost calculations

Maestas and Grabowski find Simpler Plan Finder may help Medicare Part D consumers cut costs

1/25/2019 feature story

A group of researchers from Harvard Medical School, in an article published in the journal Health Affairs, found that inefficiencies in an internet-based Medicare tool called "The Plan Finder" used by the Centers for Medicare and Medicaid Services (CMS) to help beneficiaries identify a preferred plan, may be resulting in consumers not choosing the lowest cost plans that fit their needs. Authors Brian E. McGarry, Nicole Maestas, and David C. Grabowski concluded that a less-complicated Plan Finder menu could help Medicare Part D Program consumers make better plan selections. Among ways to simplify would be to display "total costs alone or total costs, premium, and out-of-pocket spending estimates," instead of "complicated cost-sharing details."

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Nicole Maestas
David C. Grabowski

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