Skip to main content

Announcements

Check this page often for news about important program updates, training opportunities, and educational information.
Date Sort ascending Title
Cost Threshold and Cost Limit Amounts for Plan Years Ending in 2024, and the Parameters for Medicare Part D Plans in 2024

On Friday, March 31, 2023, 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 2024, as well as the parameters for Medicare Part D plans in 2024. Pursuant to 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.

RDS Reconciliation Resources

Do you know where to go when you have questions about RDS Reconciliation? The answers to your questions are available 24-7 on the RDS Public Website.

We want to hear from you! RDS Listening Sessions – Inflation Reduction Act & RDS

The H.R. 5376 Inflation Reduction Act of 2022 (IRA) was signed into law by President Biden on August 16th, 2022. The IRA makes improvements to Medicare that will expand benefits, lower drug costs, keep prescription drug premiums stable, and improve the strength of the Medicare program. CMS’ RDS Center wants to hear from you—the RDS users—about the impact of IRA on the RDS Plan Sponsor community. We are currently recruiting volunteers for Listening Sessions on this topic. If you are a current, active RDS Secure Website user assigned to at least one RDS Plan Sponsor account and/or application and are interested in participating in this initiative, please review the material below and email CMS’ RDS Center by Monday, April 3, 2023, to express your interest in volunteering. 

Authorized Representatives – What can YOU do to protect your RDS subsidy?

Authorized Representatives: Confirm your access to the RDS Secure Website now! To avoid missed program deadlines and delayed subsidy payments, ensure that your RDS user accounts and Multi-Factor Authentication (MFA) are active and that you are able to access the RDS Secure Website today!

Reporting Final Costs for Reconciliation

As a requirement of Reconciliation, Plan Sponsors must finalize their application's Covered Retiree List (CRL) and submit final cost data to CMS' RDS Center. Please review the following guidance and resources for successfully reporting final costs during Reconciliation.

New RDS Reason Codes Coming

In the coming months, CMS’ RDS Center will implement two new Reason Codes that will be used to communicate RDS eligibility information during retiree data transfers. These codes will support the conditions defined in 42 CFR § 423.4 stating that a retiree is not eligible for RDS subsidy when: the retiree is not legally present in the United States and/or the retiree is incarcerated.

Finalizing Retirees for Reconciliation

As a requirement of Reconciliation, Plan Sponsors must finalize their application's Covered Retiree List (CRL) and submit final cost data to CMS' RDS Center. Please review the following guidance and resources for successfully finalizing your application’s retiree count during Reconciliation. 

In preparation for the final Reconciliation payment request, the Plan Sponsor agrees to the CRL in the Reconciliation: Finalize Covered Retirees step by completing the following tasks: 

Submitting Accurate Data to RDS

If a Plan Sponsor decides to submit interim payment requests, it must adhere to all terms and conditions specified in the Interim Payment Agreement. Please do not wait until Reconciliation to make sure your data is accurate. Submit “true, accurate, and complete” retiree lists and cost reports throughout the plan year, whenever your Plan Sponsor makes an interim payment request.

Ensure Your RDS User Account and MFA are Active for Reconciliation

To avoid missed Reconciliation Deadlines and delayed subsidy payments, ensure that your RDS user accounts and Multi-Factor Authentication (MFA) are active and that you are able to access the RDS Secure Website today! Please encourage all users assigned to your RDS application(s) to log in to the Secure Website as soon as possible, and well in advance of your deadline date.

Reconciliation Reminder: User Roles

Review the summary of Reconciliation steps and the user roles responsible for completing each step. Know your responsibilities during Reconciliation, coordinate with other Plan Sponsor users and vendors (if applicable), and protect your Plan Sponsor’s subsidy!