Once older Americans leave the workforce and no longer receive employee benefits – insurance coverage that they enjoyed – they also appear to be pleased with what Medicare provides for them as well, a new study reveals.
According to recent polling data from Hart Research Associates, Medicare Part D seniors who have preferred pharmacy networks are "overwhelmingly satisfied" with their plans, pointing to lower costs and heightened accessibility as some of the best advantages.
More specifically, approximately 85 percent of seniors that participated in the survey said they were content with their preferred network plan. Furthermore, if their plan were ever to be eliminated four in every five seniors said that they'd be disappointed. The main reason for this would be because of the increased costs that they say would likely result.
Geoffrey Garin, president of Hart Research Associates, noted that the data speaks for itself in regards to the advantages of preferred pharmacy plans.
"Our survey results clearly show that seniors see Medicare Part D preferred networks as a 'win-win,' because they offer good value without sacrificing access to convenient pharmacies," said Garin.
The Department of Health and Human Services indicates that the Patient Protection and Affordable Care Act has enabled seniors to keep their prescription drug costs affordable. In March, HHS announced that 6.3 million people saved in excess of $6 billion off their medication expenses because of the healthcare law.
