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 →
Posts Tagged 'Notice'
In the midst of dealing with tasks regarding benefits renewal, open enrollment, the Affordable Care Act, and other important to-do’s, it’s possible to overlook an upcoming deadline that you may need to address. Yes, I wanted to briefly remind you of the October 15th deadline regarding Medicare Part D Notices. Here are a few key […]Continue Reading →
As part of the implementation of the Affordable Care Act, employers have a responsibility to educate employees on the existence of the Exchanges. One way that this will be done is via distribution of the Exchange Notice, which must be sent by October 1st. But another area where employers will be creating awareness of the […]Continue Reading →
While one Health Care Reform deadline has now passed (the PCORI fees), I’d like to remind you of an upcoming deadline that your company may need to address. As part of the Affordable Care Act, employers must provide all new hires and current employees with notice about ACA’s Exchanges (also known as “Marketplaces”). Employers must […]Continue Reading →
The summary of benefits and coverage (SBC) document is designed to serve as a brief, simple explanation of what is included in a health plan. Thus, interest was certainly raised this month as a Frequently Asked Questions document was issued regarding on the SBC requirement. Would it become a complex document that increased the burden […]Continue Reading →