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 'Medicare Part D'
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 →
Each year, employers with health plans that provide prescription drug coverage to individuals who are eligible for Medicare Part D are subject to certain disclosure requirements. Plan sponsors must complete an online disclosure form with CMS within 60 days after the start of the plan year. For calendar year plans, the deadline this year is [...]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 →