Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|CMS Releases 2016 Medicare Part D Benefit Parameters (PDF)|
Apr. 30, 2015
"Plan sponsors that want to remain qualified for the employer retiree drug subsidy will have to determine if their 2016 prescription drug coverage is at least actuarially equivalent to the 2016 standard Medicare Part D coverage and should also consider whether to move Medicare retirees into an employer group waiver plan [EGWP]. Plan sponsors that provide coverage directly or indirectly through an EGWP or Part D plan may want to evaluate the impact of the new parameters and provisions on their plans."
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