Option for Prescription Drug Plan Sponsors to Lower their Premiums for Low-Income Subsidy Beneficiaries Under Certain Conditions
Guidance for: PDP Sponsors may offer a reduced premium amount for LIS-eligible individuals to ensure that at least five PDP Sponsors in every PDP region would have a PDP with a premium at or below the premium subsidy amount. This provision would help to ensure that there are a sufficient number of organizations offering zero-premium plans in each region and reduce the number of LIS beneficiary reassignments to other organizations.
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: January 03, 2008
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