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|The Medicare Modernization Act and Group Health Plans: An Employer's Perspective (PDF)|
Steve Bryson, FSA, FCA, MAAA, of Lewis & Ellis
June 1, 2004
5 pages. Excerpt: In order to encourage employers to provide meaningful drug coverage for these individuals, the MMA provides for a direct, tax-exempt subsidy to employers who sponsor drug benefits that are at least as generous as the standard Part D benefit.... Beginning in 2006, eligible employer-sponsors will receive federal subsidies equal to 28% of the drug benefit costs between $250 and $5,000 per eligible beneficiary.
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