CMS releases final guidance for Medicare Prescription Payment Plan
The Centers for Medicare & Medicaid Services July 16 released its final guidance on the Medicare Prescription Payment Plan which will begin next year. The plan will provide individuals with Medicare Part D coverage the option to pay their out-of-pocket prescription drug costs in monthly installments rather than paying in full at the pharmacy counter. This final guidance complements CMS’ upcoming national education and program implementation efforts that will be coordinated with Part D plans, pharmacies, providers, drug manufacturers, and beneficiary advocates. CMS has also released a fact sheet providing an overview on the final guidance.
Related News Articles
Headline
The AHA Jan. 20 made recommendations to Congress on modernizing the Medicare Access and CHIP Reauthorization Act. Among the proposals, the AHA recommended…
Headline
The comment period for the Centers for Medicare & Medicaid Services' proposed rule for policies governing the Medicare Advantage and Part D programs for…
Headline
The Medicare Payment Advisory Commission Jan. 15 voted to recommend that Congress update Medicare payment rates for hospital inpatient and outpatient services…
Headline
The White House released a health care plan Jan. 15 addressing drug prices, health insurance premiums and price transparency efforts. The plan includes…
Headline
UnitedHealth Group announced Jan. 14 that it launched a six-month pilot program to reduce Medicare Advantage payment processing times by half for rural…
Headline
A Senate Judiciary Committee report released Jan. 12 found that UnitedHealth Group used “aggressive strategies” to maximize its Medicare Advantage risk-…