Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals are reminded that they must provide a Medicare Part D Creditable or Non-Creditable Coverage Notice to those individuals by October 15th.
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.
Please note, because there is often ambiguity regarding who in a covered population is Medicare eligible, it is best practice for employers to provide the notice to all plan participants.
For a usable notice to send your employees for Creditable Coverage, please follow this link.
For additional information on the Medicare Part D: Creditable Coverage Disclosures, please follow this link.
To reach us, contact JRW Associates at (919) 571-0883.
