Milliman knows Part D issues inside and out

Under Part D, 43 million Medicare beneficiaries have access to prescription drug coverage through Medicare for the first time. Milliman consultants have been involved with every aspect of Medicare Part D since its inception in 2006, providing consulting services to the insurance companies, HMOs, and pharmacy benefit managers (PBMs) that offer the majority of Medicare's prescription drug plans.

Expertise for plan sponsors

Medicare Part D affects those who cover Medicare-eligible active employees and retirees under their health benefits plans. The program, a result of the Medicare Modernization Act of 2003, encourages employers/plan sponsors to continue offering their prescription drug coverages at lower costs.

Plan sponsors who provide drug coverage for retirees may be eligible to receive a federal tax-free subsidy as a reimbursement for a share of their costs, among other cost-reducing options. Milliman offers expert advice on Part D's implications, allowing plan sponsors to clearly understand their responsibilities and all the available options.

Our services match your needs

Milliman actuaries and consultants are frequently asked for guidance because we know how to navigate the intricacies of Medicare Part D issues. We are recognized leaders in this practice area, offering plan providers a complete suite of services, including retiree prescription drug plan review, creditable coverage testing, actuarial equivalence testing, evaluation of alternatives to the retiree drug subsidy, and implementation of communications strategies.