It is that time of year again as the annual CMS (Centers for Medicare and Medicaid Services) required Medicare Part D Credible Coverage Notice must be given to employees no later than OCTOBER 14th.
There are two notices that must be sent out each year regarding Medicare Part D.
- The first notice states that your coverage is creditable or non-creditable. (Please see attached Medicare Part D Creditable Coverage Disclosure Notices 03 01 16 document if you are unsure whether your plan is creditable or non-creditable, or feel free to call us.)
- This form is required within 60 days of your plan year beginning and you will need to report directly to CMS on their website. www.cms.hhs.gov/creditablecoverage
- The second notice is Medicare Part D Credible Coverage Notice to employees.
It is our recommendation that you send the notice to Medicare eligible employees and dependents as well as a general notice to all employees simply informing them of their rights.
Below are the links to both the creditable and non-creditable notice for your reference, along with the Legislative Brief which describes the rules and requirements employers must follow regarding this law; The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA) .