Today, the Centers for Medicare & Medicaid Services (CMS) released the Draft Calendar Year (CY) 2025 Part D Redesign Program Instructions concurrently with the Advance Notice of Methodological Changes for CY 2025 for Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (the Advance Notice). CMS will accept comments on the Draft CY 2025 Part D Redesign Program Instructions through 6:00 PM Eastern Time on Friday, March 1, 2024, before publishing the final program instructions no later than April 1, 2024.