Rajul A. Patel, PharmD, PhD, Kate M. O'Dell, PharmD, Kenneth Wang, Pharm D Candidate, Shu Lu, Pharm D Candidate, Tiffany Chu, Pharm D Candidate, Kim-Anh.

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Presentation transcript:

Rajul A. Patel, PharmD, PhD, Kate M. O'Dell, PharmD, Kenneth Wang, Pharm D Candidate, Shu Lu, Pharm D Candidate, Tiffany Chu, Pharm D Candidate, Kim-Anh Vo, Pharm D Candidate, Sian M. Carr-Lopez, PharmD, Joseph A. Woelfel, PhD, RPh, Suzanne M. Galal, PharmD, Berit Gundersen, PharmD University of the Pacific- Thomas J. Long School of Pharmacy & Health Sciences Stockton, CA

The following personal financial relationships with commercial interests relevant to this presentation existed during the past 12 months: No Relationships to disclose

 Plans offered through private insurance companies  Beneficiaries would have many plan options  Competition would decrease drug prices  Each company can:  Offer up to three plans per region  Determine the plan formulary and drug restrictions  Decide on the cost-sharing structure  Medicare open enrollment period  : November 15 th - December 31 st  Currently: October 15 th - December 7 th

Too many choices? 33 stand-alone prescription drug plans (2012- California) Confusion? Opportunity Cost? New plan offerings Changes in plan formularies Cost-sharing changes Consequences of failing to annually reevaluate plan offerings

Plan satisfaction Out-of-pocket costs Trained student pharmacists

Same location New location

Demographics Plan Satisfaction and Cost Plan Selection

With Prior Pharmacy Student Assistance n=171 Without Prior Pharmacy Student Assistance n=346 Preferred Language, No. (%); n=505 English 121 (72.5)231 (68.3) Non-English 46 (27.5)107 (31.7) Highest Level of Education Completed, No. (%); n=503 8 th Grade or Less 10 (6.0)39 (11.4) Some High School (9 th -12 th grade) 8 (4.8)35 (10.2) High School Diploma or Equivalent 24 (14.3)60 (17.5) Some College or Associate Degree 42 (25.0)76 (22.2) Bachelor’s Degree or Higher 81 (48.2)128 (37.4) Prescription Drug Coverage Type, No. (%); n=499 Stand-Alone Prescription Drug Plan (PDP) 161 (94.7)244 (74.2) Medicare Advantage Prescription Drug Plan 8 (4.7)74 (22.5) Creditable Coverage 1 (0.6)11 (3.3) Prescription Drug Subsidy Status, No. (%); n=468 No Subsidy 102 (64.2)181 (58.6) Medicaid or Low-Income Subsidy (LIS) 57 (35.8)128 (41.4) Prescriptions, No. (%); n= (20.7)74 (22.2) (22.5)83 (24.9) (19.6)80 (23.9) >6 63 (37.2)97 (29.0) Mean + SD Preferred Language, n=505 Prior Assistance No. (%) Without Prior Assistance No. (%) English 121 (72.5)231 (68.3) Non-English46 (27.5)107 (31.7) Prescription Drug Coverage Type, n=499 Prior Assistance No. (%) Without Prior Assistance No. (%) Stand-Alone Plan 161 (94.7)244 (74.2) Medicare Advantage Plan 8 (4.7)74 (22.5) Creditable Coverage1 (0.6)11 (3.3) Prescription Drug Subsidy Status, n=468 Prior Assistance No. (%) Without Prior Assistance No. (%) No Subsidy 102 (64.2)181 (58.6) Medicaid or LIS57 (35.8)128 (41.4)

“How did you choose your current Medicare Drug Plan?” Pacific Pharmacy Students Insurance Broker Pharmacist/Health Care Provider Family or Friend Auto-enrolled Other Medicare n=501; = 1%

Without Prior Pharmacy Student Assistance n=277 Excellent Very Good Good Fair Poor Excellent Very Good Good Fair Poor n=29 (18.7%) n=45 (29.0%) n=47 (17.0%) n=58 (20.9%) With Prior Pharmacy Student Assistance n=155 Beneficiary Plan Rating n=59 (38.1%) n=15 (9.7%) n=7 (4.5%) n=122 (44.0%) n=34 (12.3%) n=16 (5.8%) $0 $500 $1,000 $1,500 $2,000 $2,500 $3, Estimated Annual Plan Cost ($)

Without Prior Pharmacy Student Assistance n=277 With Prior Pharmacy Student Assistance n=155 Beneficiary Plan Rating Aggregate average $0 $500 $1,000 $1,500 $2,000 $2,500 $3, Estimated Annual Plan Cost ($) Excellent Very Good Good Fair Poor Excellent Very Good Good Fair Poor n=29 (18.7%) n=45 (29.0%) n=47 (17.0%) n=58 (20.9%) n=59 (38.1%) n=15 (9.7%) n=7 (4.5%) n=122 (44.0%) n=34 (12.3%) n=16 (5.8%)

Without Prior Pharmacy Student Assistance n=277 With Prior Pharmacy Student Assistance n=155 Beneficiary Plan Rating Aggregate average $0 $500 $1,000 $1,500 $2,000 $2,500 $3, Estimated Annual Plan Cost ($) Excellent Very Good Good Fair Poor Excellent Very Good Good Fair Poor n=29 (18.7%) n=45 (29.0%) n=47 (17.0%) n=58 (20.9%) n=59 (38.1%) n=15 (9.7%) n=7 (4.5%) n=122 (44.0%) n=34 (12.3%) n=16 (5.8%)

Without Prior Pharmacy Student Assistance n=277 With Prior Pharmacy Student Assistance n=155 Beneficiary Plan Rating Aggregate average $0 $500 $1,000 $1,500 $2,000 $2,500 $3, Estimated Annual Plan Cost ($) Non-subsidy recipient Subsidy recipient Excellent Very Good Good Fair Poor Excellent Very Good Good Fair Poor n=29 (18.7%) n=45 (29.0%) n=47 (17.0%) n=58 (20.9%) n=59 (38.1%) n=15 (9.7%) n=7 (4.5%) n=122 (44.0%) n=34 (12.3%) n=16 (5.8%)

Beneficiaries underutilize Medicare as resource for plan selection. Beneficiaries assisted with Part D plan selection by trained pharmacy students expressed higher levels of plan satisfaction. Beneficiaries can realize potential out-of-pocket Part D cost savings if provided targeted assistance (trained student pharmacists). Pharmacy students can serve as beneficiary advocates by helping with Part D plan optimization and provide beneficiaries with peace of mind.