Medicare part d retiree drug subsidy program

About us Membership Newsroom International Public discipline. The Retiree Drug Subsidy Program. How to Opt in Log into your Academy Member page. Update your contact information if necessary. Write down your Academy Member Number and your first and last names exactly as they appear on your member file so that you can provide them to the plan sponsor to be used as part of the application process.

Only members who opt in will have their membership information sent to the RDS program. The process is completed! The RDS program will have your name and number available for its verification system in 24—72 hours. If you Have Problems with the Opt in Process 1. Some common problems include: Using a nickname rather than the name used on your Academy membership file.

Use your date of birth in a 6 digit format, both as part of your login name and for your password. If you have a problem logging onto the RDS system after completing the Academy opt in process and waiting 24—72 hours, check the following: The only information the Academy provides to the RDS program is your name as it appears on your Academy Member page and your Academy Member number.

How the Retiree Drug Subsidy Program works It is designed to encourage employers and unions to continue providing high-quality prescription drug coverage to their Medicare-eligible retirees while retaining their current plan designs. Determine whether you qualify for the subsidy and if it's in your best financial interest to apply. Step two: Application process.

Groups that choose to proceed must submit an application directly to the CMS website. BCBSM will support the process by offering a variety of tools. Step three: Initial set-up and ongoing process.

BCBSM will handle the initial set-up for groups that are accepted by CMS in order to begin the ongoing prescription drug costs file transfers. Step four: Annual administrative tasks. Each year, groups must reapply for the Retiree Drug Subsidy. Top of page Step one: To apply or not to apply? Groups that offer a retiree drug plan should ask themselves the following question when considering whether or not to apply for the subsidy: What are the projected administrative costs to obtain the subsidy?

These include: The costs to hire an actuary to verify if the group's drug plan is as good or better than the Medicare Part D plan Ongoing staff costs associated with maintaining and sending monthly membership files to CMS and BCBSM Top of page Step two: Application process To begin the application process, the group must file an application on the CMS website.

The group should include a contact person's name, phone number and e-mail address. BCBSM uses these membership files to update the group's subsidy membership database.