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May 14, 2012

Medicare Part D: 2013 Benefit Limits

The Centers for Medicare and Medicaid Services have released the 2013 cost of living adjustments for Medicare Part D prescription drug benefits.  The following are selected modified limits relating to the standard drug benefit and the retiree drug subsidy.

Standard Benefit Design

 

2013

2012

Deductible

$325

$320

Initial coverage limit

$2,970

$2,930

Out-of-pocket Threshold

$4,750

$4,700

Maximum Cost Sharing in Catastrophic Coverage Portion of Benefit:

  • Generic/Preferred Multi-Source Drug
  • Other

 

$2.65
$6.60

 

$2.60
$6.50

 

Retiree Drug Subsidy Amounts

 

2013

2012

Cost Threshold

$325

$320

Cost Limit

$6,600

$6,500

 

 

 

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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