Part D Plans Get Ready for Potentially ‘Messy’ Rollout of M3P Program
This article originally appeared as part of the May 16 issue of Radar on Medicare Advantage.
For the first time ever, Medicare Part D beneficiaries in 2025 will have the opportunity to spread their prescription drug expenses over the course of the plan year. While Part D sponsors must offer the option to enrollees effective Jan. 1, 2025, plans face multiple considerations and tasks prior to then. One of their most immediate concerns, industry experts say, is factoring in potential administrative costs and/or financial losses associated with the new Medicare Prescription Payment Plan (M3P, as many are calling it) into bids due next month.
© 2025 MMIT