That thought has crossed my mind as well, and I can see it happening, as several years ago the lowest cost PDP in Florida was around $20, and many people's knee jerk reaction was to go bare.What happens in Florida stays in Florida . . . at least when it comes to Medicare plans.
Meanwhile in the remaining states life will be brutal on the dark side of the sun . . . at least where Part D is concerned.
My big question is, how many folks will opt to go bare and bypass the PDP if the premiums on even the most basic plans are over $20 and everything cranks through the deductible.
It definitely took a little extra effort to explain the risks they were taking, and the part D penalty if they chose to go without, but it was worth it to properly protect the client. In all my years, I think I only had maybe 2 customers adamantly go without a PDP.
It will be interesting to see what happens with that Wellcare VS $0 plan next year. Does it go back to a $10 premium? Higher? Stay zero?