A free online tool can help prostate cancer patients save on out-of-pocket drug costs

Health News
Tags :
Health News
Share This :


drug costs
Credit: Pixabay/CC0 Public Domain

A free online tool could potentially save some prostate cancer patients more than $9,000 in out-of-pocket drug costs, a new study finds.

For patients enrolled in Medicare Part D prescription drug plans, out-of-pocket costs can vary significantly. But by using an online Medicare plan finder tool, patients can compare pricing among all Part D drug plans offered in their area and select the most affordable plan.

Researchers from the University of Michigan Health Rogel Cancer Center found that the Medicare Part D Plan Finder can identify significant savings for patients taking abiraterone or enzalutamide, two common prescription drugs for advanced prostate cancer.

“Patients with Medicare Part D have dozens of different drug plans available to choose from, but most patients unfortunately are not aware of this. If they compare estimated costs, they could save thousands of dollars each year in drug costs. This could make a huge impact for patients with limited resources,” said lead study author Benjamin Pockros, M.D., M.B.A., a urology resident at Michigan Medicine.

The researchers looked at out-of-pocket costs for abiraterone and enzalutamide, using the Medicare Part D Plan Finder to compare within 12 different regions across the country that have prominent prostate cancer programs.

Out-of-pocket costs for abiraterone prescriptions ranged from $1,379 to $13,274 among all Part D plans. The median potential cost savings among all 12 cities was $9,321.

For enzalutamide, out-of-pocket cost ranged from $9,854 to $13,061. The median potential cost savings among all 12 cities was $1,839. The study is published in Urology Practice.

“We know cancer can take a devastating physical, emotional and financial toll on patients. For those enrolled in Medicare Part D, this plan finder is free and easy to use, and hopefully one small step in improving cancer care in our country,” Pockros said.

The plan finder is available online. Patients enter their ZIP code and prescription drugs; the finder displays estimated annual out-of-pocket costs for local retail and mail order pharmacies.

Medicare offers an annual open enrollment period from Oct. 15–Dec. 7, during which people can switch plans. More than 49 million Americans are enrolled in Medicare Part D, and some patients can choose from up to 50 different plans. Despite significant cost differences, fewer than 30% of patients report comparing drug plan pricing.

The study authors urge providers to speak to patients about using the plan finder. They are now leading a project to help make cancer patients more aware of the Medicare Part D Plan Finder to help minimize out-of-pocket drug costs.

More information:
Benjamin Pockros et al, Out-of-Pocket Costs for Prostate Cancer Medications Substantially Vary by Medicare Part D Plan: An Online Tool Presents an Opportunity to Mitigate Financial Toxicity, Urology Practice (2023). DOI: 10.1097/UPJ.0000000000000421

Citation:
A free online tool can help prostate cancer patients save on out-of-pocket drug costs (2023, September 5)
retrieved 6 September 2023
from https://medicalxpress.com/news/2023-09-free-online-tool-prostate-cancer.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular News Posts

Categories

Our Exclusive Products

Our Store

Our mission is simple, offer quality products that make our customers lives better at a reasonable price, while ensuring a hassle-free shopping experience. This means that before we bring a product to market, we test it to ensure that it meets our high-level quality standards. Our customer service team understand our products and can answer most every product related question quickly and efficiently. We strive everyday to meet and exceed our customers’ expectations of quality and support! Should we ever fail to meet this expectation – contact us and we will make it right!

Our Value: We are proud of our product and accomplishments, but we typically don’t shout it from the rooftop. Instead, we prefer to let our product and customers do the talking. Our core values can be recognized in our product. The qualities we strive for include:

Pragmatism: We design simple, useful solutions for common needs
Quality: From design to final product, we strive for durable solutions that work
Originality: Creativity and innovation are what makes our product unique
Design: Our minimalist and bold design language focuses on functionality and simplicity that is timeless

0 +

Top Rated Products

0 +

Happy Customers