Medicare Part D Reporting Requirements and Supporting Regulations in MMA Title I, Part 423, §423.514(a) (CMS-10185) - IRA

ICR 202411-0938-001

OMB: 0938-0992

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2024-11-01
Justification for No Material/Nonsubstantive Change
2024-11-01
Supplementary Document
2024-07-25
Supplementary Document
2024-07-25
Supporting Statement A
2024-07-25
Supplementary Document
2024-05-20
Supplementary Document
2024-05-20
IC Document Collections
IC ID
Document
Title
Status
8853 Modified
ICR Details
0938-0992 202411-0938-001
Received in OIRA 202405-0938-020
HHS/CMS CM-CPC
Medicare Part D Reporting Requirements and Supporting Regulations in MMA Title I, Part 423, §423.514(a) (CMS-10185) - IRA
No material or nonsubstantive change to a currently approved collection   No
Regular 11/01/2024
  Requested Previously Approved
08/31/2027 08/31/2027
14,325 14,325
23,094 23,094
0 0

Section 1860D–12(b)(3)(D) of the Act provides broad authority for the Secretary to add terms to the contracts with Part D sponsors, including terms that require the sponsor to provide the Secretary with information as the Secretary may find necessary and appropriate. Pursuant to our statutory authority, we codified these information collection requirements for Part D sponsors in regulation at 42 CFR §423.514(a). The Center for Medicare (CM) has identified the appropriate data needed to effectively monitor the Medicare Prescription Drug Benefit through these Part D reporting requirements. Changes to the currently approved data collection instrument reflect new executive orders, legislation, as well as recent changes to Agency policy and guidance. One example is the reporting section, Medicare Prescription Payment Plan, which will support the Inflation Reduction Act’s (Section 1860D-2(b)(2)(E) of the Social Security Act, as added by section 11202 of the IRA) provision that all Medicare Part D sponsors offer their Part D enrollees the option to pay their out-of-pocket (OOP) Part D drug costs through monthly payments over the course of the plan year. .

Statute at Large: 1 Stat. 423
   PL: Pub.L. 117 - 169 11202 Name of Law: The Inflation Reduction Act’s (IRA)
  
PL: Pub.L. 117 - 169 11202 Name of Law: The Inflation Reduction Act’s (IRA)

Not associated with rulemaking

  89 FR 7398 02/02/2024
89 FR 45898 04/24/2024
Yes

1
IC Title Form No. Form Name
Medicare Part D Reporting Requirements

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 14,325 14,325 0 0 0 0
Annual Time Burden (Hours) 23,094 23,094 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$300,000
No
    No
    No
No
No
No
No
Stephan McKenzie 410 786-1943 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/01/2024


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