Welcome to Part D Advisors.
Part D Advisors (PDA) is the nation’s most experienced Retiree Drug Subsidy (RDS) administrator for both the ongoing and reopening processes and the only vendor providing AICPA SOC certified RDS support services. Since our founding in 2005, we have reviewed more than 2,000 RDS applications for more than 300 plan sponsors who have collected over $1,300,000,000 in Retiree Drug Subsidies. The Retiree Drug Subsidy program (also known as Medicare Part D or Medicare Part D Subsidy) can be incredibly complex and time consuming for some plan sponsors to manage. However, as the RDS industry’s innovator and leader, PDA handles every aspect of both ongoing and reopening RDS processes to help plan sponsors meet all RDS requirements and maximize their subsidy potential. Our unique approach and proprietary tools reduces effort for plan sponsors and their consultants’ allowing them to focus on other areas of their business.
Updates to Misleading Marketing Campaign Released
Plan sponsors participating in the Retiree Drug Subsidy (RDS) program may recall be inundated with marketing information regarding the RDS appeals process from another firm in 2017. The information was inaccurate, misleading and potentially dangerous as they were written in a manner that allowed the reader to easily mistake the author to be some kind of authorized representative for the Centers for Medicare and Medicaid Services (CMS), which they are not. The letters also implied some kind of mandatory obligation from the plan sponsor that could result in severe financial penalties if no actions were taken. Many of Part D Advisors’ clients were recipients of these letters and sent them to us out of an abundance of caution for their plan. Redacted copies of those letters as well as Part D Advisors’ response can be found here.
Today, it has come to our attention that the same RDS firm has once again sent out letters of a similar nature to RDS participants. Although this new letter no longer alleges an obligation by plan sponsors to take action or face penalties, they are still making claim that they are “the Center for Medicare and Medicaid Services Retiree Drug Subsidy program authorized administrator and submitter of choice”, which is a distinction that does not exist in the program. Additionally, their claims of a “known variable” and “inherent flaws” in the RDS program leading to underpayments for plan sponsors is just not true. The only way to know for certain if a plan sponsor is eligible for additional subsidy from the RDS program is to have a qualified and knowledgeable RDS administration firm collect and analyze historical RDS filings and claims data. Anything else is a guess, plain and simple.
Plan sponsors or their agents/consults are encouraged ro reach to Part D Advisors directly with any questions they may have about the letter. In the mean time, the new letter can be found below along with our response to its content.
The RDS Industry Leader
Number of RDS Applications Reviewed
Number of RDS Reopening Appeals Submitted
States with PDA Clients
Whether filing a reopening appeal or ongoing application, the Retiree Drug Subsidy (RDS) program is complex, time-consuming, and constantly changing. By hiring PDA, Plan Sponsors can rest assured that our unmatched approach and custom built tools will maximize subsidy payments and minimize the burden of RDS program requirements. As the first Retiree Drug Subsidy firm in the nation, PDA is the most experienced RDS vendor in the industry. Our one-of-a-kind process and proprietary software were designed in direct alignment with the RDS program requirements, meaning we set the standard in subsidy recovery services for Plan Sponsors. With over a decade of experience, PDA is the best choice for Retiree Drug Subsidy services for you and your group health plan. PDA’s goal is to maximize the RDS for Plan Sponsors, whether we’re working to increase a Plan Sponsor’s monthly cash flow from the RDS program or investigating previous plan years to recover additional subsidy dollars. Our proprietary, custom software focuses on three primary areas and typically, our unmatched approach increases a Plan Sponsor’s subsidy between 8% and 15%. Since our founding in 2005, PDA has worked extensively with unions and Taft-Hartley funds alike to help them honor the promise made to their retirees. No matter how different unions may be in location or specialty, they all want the best for their retirees, which is why they hire PDA. PDA knows how important it is for businesses to maximize their subsidy payments in order to continue to provide quality benefits for their employees and retirees alike. This money goes a long way in keeping costs down for both employer and employee; ensuring retirees are able to continue receiving the benefits they’ve earned. PDA has worked with all types of governmental organizations, from State Employee Retirement Systems to Road Commissions and Utility Boards ranging in size from a few hundred members to hundreds of thousands. Just like our municipal clients, PDA is dedicated to providing the greatest value for their citizens and retirees. “Part D Advisors had dramatically reduced the amount of time I spend on Medicare claims and reimbursements. Part D Advisors has eliminated all concerns regarding the constant reporting and filing changes and they keep us and our clients 100% compliant. They communicate very well and are more of a partner with us than a service provider.” Loretta Mccormick – Benepro
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