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 |