Each year, applicable employers are required to complete an online disclosure with CMS and report whether their health plan’s prescription drug coverage is Medicare Part D creditable or non-creditable. Plan sponsors are required to report 60 days after the start of the plan year. Thus, if you renewed January 1, 2017, this year’s deadline is [...]Continue Reading →
Posts Tagged 'creditable coverage'
In preparation for the Medicare fall open enrollment period, employers that sponsor group health plans that include prescription drug coverage are required to notify all Medicare-eligible individuals whether such coverage is creditable. This year, plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals by October 14, 2016. The creditable coverage disclosure notice must [...]Continue Reading →
Does your organization sponsor a group health plan that includes prescription drug coverage? If so, please take note of the upcoming compliance deadline regarding Medicare Part D Creditable Coverage Notices. This written disclosure notice must be provided annually prior to October 15th (as well as various other times as required under the law) to the [...]Continue Reading →
As part of the Medicare Part D program, group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) indicating whether the plan’s prescription drug coverage is creditable or non-creditable. Plan sponsors must complete the online disclosure within 60 days after the beginning of the [...]Continue Reading →
Under the Medicare Part D program, employers who offer prescription drug coverage are required to provide an annual notice. It must be sent to those Medicare Part D eligible individuals who are covered by, or who apply for, prescription drug coverage under the group health plan. In addition, plan sponsors are required to provide notices [...]Continue Reading →