The Retiree DrugSubsidy Program

The Retiree Drug
Subsidy Program

The Retiree Drug Subsidy (RDS) program, created by the Medicare Modernization Act, allows qualifying plans to receive subsidy payments. To qualify, a plan must be certified by a ‘qualified actuary’—a member of the American Academy of Actuaries—who verifies the plan’s actuarial value meets Medicare’s standards.

Academy Membership Verification System

The Academy, as a service to its members participating in the RDS program, has established an on-line “opt” in process for members who elect be on the RDS Program List. By “opting-in” the member is granting the Academy permission to provide a limited amount of information (name and Academy member number) for the sole purpose of verifying the individual’s Academy membership status. This information cannot be used for any other purpose, and only Academy members who have opted-in will have their information shared with the RDS.