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CMS Releases Final Part Two Guidance to Help People Manage Prescription Drug Costs

Virgin Islanders will be able to safely and legally dispose of old prescription medicines this month when the Drug Enforcement Administration and U.S. Attorneyโ€™s Office hold National Prescription Takeโ€“Back Events Oct. 27.
Prescription drugs (file photo).

Recently, the Centers for Medicare and Medicaid Services (CMS) released the final part two guidance regarding plan outreach and education for the Medicare Prescription Payment Plan, which aims to ensure that people with Medicare prescription drug coverage, especially those most likely to benefit, are aware of the payment option.

Starting in 2025, the Medicare Prescription Payment Plan will provide the option to people with Medicare prescription drug coverage to spread the costs of their prescription drugs over the calendar year rather than paying in full at the pharmacy counter each time they fill a prescription.

Press Release: https://www.cms.gov/newsroom/press-releases/biden-harris-administration-releases-final-part-two-guidance-help-people-medicare-prescription-drug

Final Part 2 Guidance: https://www.cms.gov/files/document/medicare-prescription-payment-plan-final-part-two-guidance.pdf

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