Becker's Healthcare August 21, 2023
CMS published draft guidance for a new program that will allow Medicare Part D beneficiaries to spread out their out-of-pocket prescription costs over an entire year.
In draft guidance published Aug. 21, the agency laid out how Part D plans should manage the new Medicare Prescription Payment Plan and how to identify patients likely to benefit from the program.
Medicare Part D beneficiaries will be able to opt to pay their prescription co-pays in monthly installments beginning in 2025. The new program is one of several measures meant to cut the costs of prescription drugs for Medicare beneficiaries passed in the Inflation Reduction Act, signed in August 2022.
Here are five things to note from the draft...
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