The “Medicare Prescription Drug, Improvement and Modernization Act of 2003,” Pub. L. 108-173 (December 8, 2003), (Act), which has been widely publicized for adding a prescription drug benefit to Medicare (Medicare Part D), also creates a tax-free subsidy for employers (or multiemployer plans) who provide certain retiree prescription drug benefits. Below, we briefly describe key features of the Medicare Part D prescription drug benefit, provide details concerning the tax-free subsidy, and identify plan design alternatives available to employers who wish to provide retiree prescription drug coverage.


Latest Resources


April 20, 2023

Groom Event


March 23, 2023

George Washington University Law School