Archived Insight | May 4, 2016

Medicare Part D Amounts Will Increase in 2017

On April 4, 2016, the Centers for Medicare & Medicaid Services (CMS) announced the Medicare Part D standard defined benefit and Retiree Drug Subsidy (RDS) amounts for 2017, which will be higher than the 2016 amounts. (The press release and announcement known as a Call Letter are available on the CMS website.) We feature charts comparing the 2017 numbers to the 2016 numbers. We also review changes to the Part D benefit, which were made by the Affordable Care Act, and illustrate the impact of those changes on the 2017 benefit.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.

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