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September 29, 2022
CMS Releases New 2023 Part D IRA Requirements
On September 26, CMS released two significant memos regarding details and new requirements around the Inflation Reduction Act of 2022 (IRA) provisions applicable for 2023. These changes impact multiple areas including formulary coverage, claims processing, prescription drug event (PDE) reporting, and enrollment. Despite the changes needed to support the IRA provisions for 2023, CMS is adding additional operational and financial flexibility to further support plan sponsors next year.
BluePeak has summarized the more significant details around each memo.
Click here to read our summary.
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