December 5, 2022
CMS Releases New 2023 Part B IRA Requirements
On November 7, 2022 CMS released a significant memo regarding details and new requirements around the Inflation Reduction Act of 2022 (IRA) provisions applicable for 2023 regarding cost sharing for Part B drugs. This follows earlier memos regarding Part D details and new requirements. Due to the needed changes and CMS’ recognition of the difficulty around implementation for plans, for Part B IRA requirements, there are two distinct time frames for each of the two areas impacted: Part B Rebatable Drug Coinsurance Adjustment and Part B Insulin Cost Sharing Cap.
Follow the link below for our summary of the timeframe and requirements.