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Medicare Part D Adjustments for 2017 (article)

The Centers for Medicare and Medicaid Services have released the 2017 adjustments for Medicare Part D prescription drug benefits.  The following are select modified limits relating to the standard drug benefit and the retiree drug subsidy.

 

Standard Benefit Design

 

2016

2017

Deductible

$360

$400

Initial coverage limit

$3,310

$3,700

Out-of-pocket Threshold

$4,850

$4,950

Maximum Cost Sharing in Catastrophic Coverage Portion of Benefit:

·         Generic/Preferred Multi-Source Drug

·         Other

 

$2.95

$7.40

 

$3.30

$8.25

Retiree Drug Subsidy Amounts

 

2016

2017

Cost Threshold

$360

$400

Cost Limit

$7,400

$8,250

 

The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.    

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