Medicare Part D Creditable Coverage Notice - October 14th Deadline

05 October 2018 By Barry E. Fields

Employers who provide prescription drug coverage to plan participants (employees and dependents) are required to notify those that may be eligible for Medicare whether their prescription drug coverage is “creditable coverage”, which means that the benefits are expected to pay on average as much as the standard Medicare prescription drug coverage.  This Notice must be distributed by October 14.  Please let me know if you need a copy of the Notice in English and/or Spanish.

Additionally, all employers are required to report their plan status to the Centers for Medicare and Medicaid Services (CMS) on an annual basis, within 2 months after your prescription renewal.

 

The attached Compliance Overview is a detailed description and what you need to do.  As always, please let me know if you have any questions

Barry E. Fields
Vice President, Employee Benefits

JGS I N S U R A N C E
Cell: 908-406-7000 | Fax: 732-834-0233
101 Crawfords Corner Road, Suite 1300, Holmdel, NJ 07733

Last modified on Tuesday, 09 October 2018 13:57

Contact us

For questions or more information, please contact us by phone or email.

AWARDS

Connect with us

We're on Social Networks. Follow us & get in touch.