Inflation Reduction Act (IRA) Updates – March 2024

MCEF update 

Prime is evaluating all client project requests currently in flight and anticipated for the rest of the year.  It is our intent to ensure that our clients will only need to make changes to our eligibility processes or MCEF claims file processes once this year given the need to prioritize technical and business SME resources.  If there are other projects where these capabilities are impacted, we will combine the work into a single project to ensure changes are made in the most efficient way possible.  If there are additional project requests yet to be submitted to Prime where these capabilities would be included in scope, please contact your Account Management Office (AMO) resource as soon as possible. 

IRA FAQ document update 

An updated IRA FAQ document is also available on the Prime Client Portal here. Prime’s Client Portal requires access in order to view these updates. Legacy Prime clients: if you don’t have access to the portal, contact your IT administrator to request access, just as you would to access any Prime application. MRx account teams will send their respective content directly. The new version has a linked table of contents for easier navigation, along with some frequently asked questions about the Medicare Prescription Payment Plan (M3P). New content is captured in red font.