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Did Your Plan Receive 28% in Retiree Drug Subsidies? (PDF)
International Foundation of Employee Benefit Plans [IFEBP] 
June 26, 2015 "According to CMS, subsidy payments should equal 28% of a qualifying retiree's allowable prescription drug costs. But many plans are receiving a reduced subsidy because of incomplete or inaccurate cost reporting for the subsidy. This shortfall can be remedied by conducting an audit of the cost reporting that goes well beyond the standard RDS reconciliation performed after the end of the plan year." MORE >> |
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