Reminder: Medicare Part D Notices Due by October 15
Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals are reminded that they must provide the Medicare Part D Notice to those individuals by October 15. These notices serve to inform Medicare-eligible individuals whether the prescription drug coverage offered is "creditable," meaning it is expected to pay, on average, as much as the standard Medicare prescription drug coverage. Medicare Part D Credible Model Notice can be found here. In addition to delivering the notice, CMS requires you to complete an online form advising that the Rx coverage for your company is credible. You can find this form here. Please transmit the report prior to November 25th. Please reach out to your CIP Account Manager if you need help with the model notice or online form.
For more information on this notice requirement, including links to downloadable model notices, click here.