The Centers for Medicare and Medicaid Services (CMS) announced that more than 1,750 standalone Medicare Part D prescription drug plans and Medicare Advantage plans with prescription drug coverage have applied to join the Part D Senior Savings Model for the 2021 plan year.
The voluntary Part D Senior Savings Model enables participating Part D plans to lower Medicare beneficiaries’ out-of-pocket costs for insulin to a maximum $35 copay per thirty-day supply. The model is scheduled to begin on January 1, 2021. More information can be found on the model website.
For more information visit the McDermottPlus Payment Innovation Resource Center or contact Mara McDermott at 202-204-1462 or email@example.com.