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Medicare Part D – 2008 Benefit Limits

The Centers for Medicare and Medicaid Services have released the 2008 cost of living adjustments for Medicare Part D prescription drug benefits.  Following are select  modified limits relating to the standard drug benefit and the retiree drug subsidy.

Standard Benefit Design

 

2007

2008

Deductible

$265

$275

Initial coverage limit

$2,400

$2,510

Out-of-pocket Threshold

$3,850

$4,050

Minimum cost-sharing in catastrophic coverage portion of benefit

  • Generic/preferred multi-source drug
  • Other

 

$2.15

$5.35

 

$2.25

$5.60

 

Retiree Drug Subsidy Amounts

 

2007

2008

Cost Threshold

$265

$275

Cost Limit

$5,350

$5,600

 

The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations.

As required by U.S. Treasury rules, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this Benefit Beat is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service.

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