…at least when it comes to prescription drugs. Health Pocket reports that the lowest cost Part D plan is the Humana/Walmart RX plan which charges a monthly premium of $12.60. In 2013, AARP MedicareRX Saver Plus from UnitedHealthcare was the lowest cost plan and charged a premium of $15. In 2014, however, the monthly premium jumped by more than 50 percent to $23.74.
Overall, the average Part D premium for 2014 increased only 0.1% from $53.74 to $53.80.
The premium you pay, however, depends on where you live. High cost states (with average premiums in parentheses) are:
- Colorado: ($61.28)
- Florida: ($63.73)
- Idaho: ($62.23)
- Pennsylvania: ($61.62)
- Utah: ($62.23)
- West Virginia: ($61.62)
Low cost states include:
- Arkansas ($48.15)
- Hawaii ($41.98)
- Maine ($47.67)
- New Hampshire ($47.67)