Current through September 30, 2024
Section 423.894 - ConstructionNothing in this part must be interpreted as prohibiting or restricting:
(a) A Part D eligible individual who is covered under employment-based retiree health coverage, including a qualified retiree prescription drug plan, from enrolling in a Part D plan;(b) A sponsor or other person from paying all or any part of the monthly beneficiary premium (as defined in § 423.286 ) for a Part D plan on behalf of a retiree (or his or her spouse or dependents);(c) A sponsor from providing coverage to Part D eligible individuals under employment-based retiree health coverage that is- (1) Supplemental to the benefits provided under a Part D plan; or(2) Of higher actuarial value than the actuarial value of standard prescription drug coverage (as defined in § 423.104(d) ); or(d) Sponsors from providing for flexibility in the benefit design and pharmacy network for their qualified retiree prescription drug coverage, without regard to the requirements applicable to Part D plans under § 423.104 , as long as the requirements under § 423.884 are met.