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ACA Now

3302 - Improvement in Determination of Medicare Part D Low-Income Benchmark Premiums

 
Implementation Status 
Statutory Text 

Summary

Effective 2011, requires exclusion of beneficiary rebates or quality bonus payments from calculation of the Part D low-income subsidy (LIS).

Implementation Status

 
Summary 
Statutory Text 

In April 2010, CMS released the final notice for rules governing Part D for CY11, including the calculation of the Part D low-income subsidy. Formal codification of this provision was accomplished in the April 15, 2011, final MA/Part D rule (see p. 21451).

2016

On July 29, Medicare announced that the average premium for a Medicare Part D plan in 2017 is projected to remain stable at an est. $34 per month, representing an increase of approximately $1.50 over the average 2016 premium of $32.56. In the announcement, Acting Administrator Slavitt noted that he was “increasingly concerned about the rising cost of drugs, especially high-cost specialty drugs, and the impact of these costs on the Medicare program.”

Statutory Text

 
Implementation Status 
Summary 

SEC. 3302. IMPROVEMENT IN DETERMINATION OF MEDICARE PART D LOW-INCOME BENCHMARK PREMIUM. (a) IN GENERAL.—Section 1860D–14(b)(2)(B)(iii) of the Social Security Act (42 U.S.C. 1395w–114(b)(2)(B)(iii)) is amended by inserting ‘‘and determined before the application of the monthly rebate computed under section 1854(b)(1)(C)(i) for that plan and year involved and, in the case of a qualifying plan, before the application of the increase under section 1853(o) for that plan and year involved’’ before the period at the end. øAs revised by section 1103(c) of HCERA¿ (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to premiums for months beginning on or after January 1, 2011.

Browse ACA Titles

  • I-Quality, Affordable Health Care for all Americans
  • II-Role of Public Programs
  • III-Improving the Quality and Efficiency of Health Care
  • IV-Prevention of Chronic Disease and Improving Public Health
  • V-Health Care Workforce
  • VI-Transparency and Program Integrity
  • VII-Improving Access to Innovative Medical Therapies
  • VIII-Community Living Assistance Services and Supports (CLASS ACT)
  • IX-Revenue Provisions

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