Paul Barrett Insurance Services Blog |
2020 defined standard Medicare Part D prescription drug plan coverage parametersHere are a few highlights of the defined standard Medicare Part D plan changes from 2019 to 2020. The chart below shows the changes in defined standard Medicare Part D design for plan years 2016, 2017, 2018, 2019 and 2020. The CMS "Part D Benefit Parameters for Defined Standard Benefit" is the minimum allowable Medicare Part D plan coverage. However, CMS does allow Medicare Part D plans to offer a variation on the defined standard benefits (for example, a Medicare Part D plan can offer a $0 Initial Deductible).
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