Medicare Part D Under Attack
If companies are not able to continue to claim the 28% reimbursement for providing their Medicare eligible retirees drug coverage, they will likely drop the coverage.
The tax on the 28% Medicare Part D rebate continues to be a significant issue for large employers offering retiree prescription drug coverage. There now appears to be an opportunity to have this provision removed from final health care reform legislation, but time is short.
When calling Senator Mendez’s office you should call and speak to Dan O’Brien (CoS) or Justin (tax aide).
If this is an issue for your company, I urge you to contact your Senators and in particular to also contact Sen. Robert Menendez of New Jersey who has expressed a willingness to discuss this directly with Sen. Harry Reid and ask him to remove the provision from the legislation.
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