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.