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April 26, 2020

Medicare Part D Prescription Drug Adjustments for 2021

The Centers for Medicare and Medicaid Services released the 2021 adjustments (note Attachment V) 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

 

2021

2020

Deductible

$445

$435

Initial coverage limit

$4,130

$4,020

Out-of-pocket Threshold

$6,550

$6,350

Maximum Cost Sharing in Catastrophic Coverage Portion of Benefit:

  • Generic/Preferred Multi-Source Drug
  • Other

 

$3.70

$9.20

 

$3.60

$8.95

Retiree Drug Subsidy Amounts

 

2021

2020

Cost Threshold

$445

$435

Cost Limit

$9,200

$8,950

 

 

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