Archived Insight | April 9, 2015
The Medicare Modernization Act (MMA) requires the Centers for Medicare & Medicaid Services (CMS) to announce each year the Medicare Part D standard defined benefit and Retiree Drug Subsidy (RDS) amounts for the coming year. On April 6, 2015, the CMS announced the rates for 2016. In 2016, the deductible and out-of-pocket limit for the defined standard Part D plan will be higher than the 2015 amounts.
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