Stand-Alone PDP Market Lives to Fight Another Day, Enrollment Data Shows

No mass exodus was seen from stand-alone prescription drug plans to Medicare Advantage drug plans between 2024 and 2025, according to one actuary.

Total PDP membership was largely flat after the enrollment period, in part because of the premium stabilization demo. (Shutterstock)
Key Takeaways
  • Stand-alone prescription drug plan did not see a rush of customers move to Medicare Advantage Prescription Drug plans between 2024 and 2025, despite expectations.
  • Total PDP membership was largely flat, in part because of the Biden Administration’s Part D premium stabilization demonstration.
  • Wellcare now has the largest share of PDP enrollment, but the top five carriers account for 95% of the individual PDP membership.

In defiance of some industry watchers’ expectations, no mass exodus from stand-alone Prescription Drug Plans (PDPs) to Medicare Advantage Prescription Drug (MA-PD) plans was observed between 2024 and 2025.

“Total enrollment was effectively flat from December [20]24 to February 2025,” said Brooks Conway, principal with Oliver Wyman. “That’s a little bit at odds with what some might have expected.”

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