April 18, 2017
On April 3, 2017, CMS issued an announcement and press release relating to Medicare Part D benefit parameters for 2018. As background, employer plan sponsors that offer prescription drug coverage to Part D-eligible individuals must disclose to those individuals and to CMS whether the prescription plan coverage is creditable (as compared to Part D coverage).
In the announcement, CMS released the following parameters for the defined standard Medicare Part D prescription drug benefit, which will assist plan sponsors in making that determination:
Announcement » Press Release »