Excerpt: The Centers for Medicare & Medicaid Services (CMS) on May 25, 2007 issued proposed regulations that would change the application deadline for employers seeking the 28 percent retiree drug subsidy (RDS). The current '90 day before the beginning of the plan year' deadline would be replaced by a standard permitting the agency to establish an 'end-of-month' deadline that CMS says 'would be administratively simpler for both plan sponsors and CMS to track.'  MORE >>