Relevant to: All Part D Sponsors
Section 1860D-15(h) of the Social Security Act (the Act), as added by section 11401(c) of the Inflation Reduction Act (IRA) and amended by section 11406(c) of the IRA, requires that a temporary retrospective subsidy be paid to Part D plans for the reduction in cost sharing and elimination of the deductible for Advisory Committee on Immunization Practices (ACIP)- recommended adult vaccines and covered insulin products during the 2023 plan year.