The benefits of smoothing out-of-pocket costs for Medicare beneficiaries

In July 2020, the PAN Foundation along with the Berkeley Research Group surveyed 8,000 Medicare beneficiaries about Medicare affordability, caps on out-of-pocket costs in Medicare Part D, and their experience with charitable financial assistance.

The survey provided new insights into the benefits of smoothing out-of-pocket costs throughout the year with a monthly cap compared to an annual cap for Medicare beneficiaries with high Part D drug costs.