Guidance: Groups & Medicare Part D disclosure
Every year, employers that offer healthcare plans with prescription drug benefits to active, Medicare-eligible employees or retirees must inform them if their drug benefit constitutes 'creditable' or 'non-creditable' coverage.
This year, employers must report whether their drug benefit is creditable coverage to the Centers for Medicare and Medicaid Services (CMS) by February 29, 2024, for calendar-year plans.
To comply with the CMS disclosure requirement, plan sponsors have to complete the Creditable Coverage Disclosure Form on the CMS Creditable Coverage website, which is the sole method for compliance.
You can provide your groups with guidance. We’ve put together a flyer that offers:
- Details about the Medicare Part D disclosure
- Links to the online disclosure form, instructions and more
- A link to our Carrier 411 resources
You can download the flyer here. If you have any questions, you can ask me here. |
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