The Centers for Medicare and Medicaid Services have released the 2014 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 | 2014 |
Deductible | $325 | $310 |
Initial coverage limit | $2,970 | $2,850 |
Out-of-pocket Threshold | $4,750 | $4,550 |
Maximum Cost Sharing in Catastrophic Coverage Portion of Benefit: Generic/Preferred Multi-Source Drug Other | $2.65 $6.60 | $2.55 $6.35 |
Retiree Drug Subsidy Amounts |
| 2013 | 2014 |
Cost Threshold | $325 | $310 |
Cost Limit | $6,600 | $6,350 |
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.
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