Excerpt: The Centers for Medicare & Medicaid Services' (CMS) 'Medicare Part D Guidance on the Actuarial Equivalence Standard for the Retiree Drug Subsidy,' dated April 7, 2005, provides additional guidance on how to calculate the 'actuarial equivalence' of employer plans in comparison to the Medicare Part D drug benefit. This new guidance is intended to clarify and supplement guidance the CMS published in final regulations earlier this year.  MORE >>