To eliminate confusion and simplify Medicare Part D plan coverage, the Centers for Medicare & Medicaid Services (CMS) has mandated that there must be a “meaningful difference” between plans, defined as an actuarial estimate of a member’s out-of-pocket cost share between each plan offered.  Most carriers today offer a “low,” “medium,” and a “high” Part D plan within each market. As a result of this new rule, in most cases the number of plans in a specific geography will be reduced to two. Read the rest of this entry »