Announcements

On Wednesday, February 2, 2022, the Centers for Medicare & Medicaid Services (CMS) announced the Cost Threshold and Cost Limit amounts that apply to Plan Sponsors participating in CMS' Retiree Drug Subsidy (RDS) Program, with qualified prescription drug plans that end in 2023, as well as the parameters for Medicare Part D plans in 2023. Per 42 CFR 423.886(b)(3), the cost threshold and cost limit for qualified retiree prescription drug plans are updated using the Annual Percentage Increase.

This is a reminder that the sequestration suspension period will end on March 31, 2022. A one percent (1%) mandatory payment reduction will be applied to the calculated Subsidy Amounts for final costs incurred in all plan months between April 1, 2022, and June 30, 2022. 

On Friday, January 14, 2022, the Centers for Medicare & Medicaid Services' (CMS') Retiree Drug Subsidy (RDS) Center hosted The New RDS Secure Website Launch Webinar about the upcoming Secure Website Modernization initiative and how this project will impact the RDS Program. CMS’ RDS Center has published both a recording and a transcript of the Webinar.

You’re invited! Join us on Friday Jan 14th, 2022 to learn about the changes that are coming to the Secure Website.

The New RDS Secure Website Launch Webinar is intended for all RDS participants with active Secure Website accounts, including Plan Sponsors and Vendors who use the RDS Secure Website. During the webinar, CMS’ RDS Center will discuss the major changes and enhancements that are coming to the new RDS Secure Website in early 2022.