Draft Contract Year (CY) 2024 Part D Bidding Instructions

Relevant to: All Prescription Drug Plans, Medicare Advantage-Prescription Drug Plans, Section 1876 Cost Plans, Medicare-Medicaid Plans, and PACE plans

The purpose of this memorandum is to provide Part D sponsors with guidance as they prepare to submit bids for CY 2024. This memorandum includes both annual programmatic updates and program instruction for the implementation of provisions effective in 2024 enacted in the Inflation Reduction Act (IRA, P.L. 117-169), on August 16, 2022. 

See the full guidance for more information.