OPM Encourages FEHB Health Plans to Adopt Medicare Part D for Federal Annuitants

Snippet of Article: "...enrollment in Medicare Part D has gotten more attractive to federal retirees. Among the provisions passed into law following the IRA passage is a strengthening of Medicare Part D through several reforms. The most significant reform is an improvement to Medicare Part D catastrophic cost protection to an annual maximum out-of-pocket prescription drug expense of $2,000, lowered from $8,000 during 2024 and effective January 1, 2025.

The Office of Personnel Management (OPM), who runs the FEHB program, is now strongly encouraging FEHB program health plans to adopt the improved Medicare Part D prescription drug coverage as an alternative to FEHB prescription program coverage for federal retirees enrolled in an FEHB program and Medicare. ..."

Source: stwserve.com

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Pharmacy benefit managers and the rising drug costs for federal workers

Article Title: Pharmacy benefit managers and the rising drug costs for federal workers
Snippet of Article: "...When Uncle Sam arranges prescription drug coverage for millions of federal employees and their dependents, you'd expect him to have enough muscle to keep those prices low. So how come the Federal Employees Health Benefits Program pays up to 45 percent more..."

Source: www.washingtonpost.com

[tag]Federal,Government,Military,Retiree, [/tag]