Deadline for Medicare Part D Notices Fast Approaching
Medicare Part D imposes disclosure requirements on employers with group health plans that provide prescription drug coverage to Medicare-eligible individuals. Plan sponsors must provide annual Medicare Part D creditable coverage disclosure notices to individuals before October 15, 2017. Model notices are available for employers to use.
For a full Compliance Overview, as well as model creditable coverage notices, the online disclosure form, and more, please click HERE. This notices addresses such issues as what creditable coverage is, the ramifications of not providing the notice, and how to distribute the notice.
You can find more information like this on our Employer Benefit Resource page.
All insurance policies are different. Be sure to review your insurance policy for specific information about coverages available to you. Nothing in this post is meant to suggest a guarantee of coverage.