September 2004 Bulletin, "Proposed Regulations for the New Medicare Rx Benefit"
In early August, the Centers for Medicare and Medicaid Services (CMS) published proposed regulations implementing the new Medicare Part D outpatient prescription drug benefit. Although the proposed regulations do not answer all of the questions plan sponsors have about the new law, they clearly define the options for providing benefits that either supplement, replace or coordinate with Part D benefits.
Along with providing background on Medicare Part D, this Bulletin highlights the key aspects of the CMS proposal, including retiree drug subsidies and actuarial equivalence. Plan design options for plan sponsors are clearly presented in a chart.