Changes Have Been Proposed to Reduce Medicare Beneficiary Burden

The Centers for Medicare and Medicaid Services (CMS) issued draft guidance to allow people with Medicare to pay out-of-pocket prescription drug costs in monthly payments. The New Medicare Prescription Payment Plan will help people pay Medicare Part D costs over the year instead of all at once. The draft guidance provides information on topics such as identifying Medicare Part D enrollees likely to benefit from the program, the opt-in process for Part D enrollees, program participant protections, and the data collection needed to evaluate the program. The draft guidance solicits comments on these topics and on strategies to help ensure eligible Part D enrollees benefit from programs like the Medicare Savings Program and Extra Help to lower their out-of-pocket prescription drug costs. The comment period is open until September 20, 2023.