Medicare Part D Notice – To Medicare Eligible Participants

On an annual basis, The Centers for Medicare and Medicaid Services (CMS) require all employers who provide a group health plan to their employees to disclose whether the plan has creditable drug coverage under Medicare Part D.

Employers must notify CMS and all Medicare-eligible participants in the health plan of the plan’s drug coverage status. Individuals are Medicare-eligible if entitled to Medicare A and/or enrolled in Part B. Individuals who fail to enroll in Medicare Part D prescription drug coverage when first eligible may be subject to late enrollment penalties if they go 63 consecutive days or longer without creditable prescription drug coverage.

The attached provides information on the annual Medicare Part D Notice that is required to be distributed to eligible participants. View here.

If you have specific questions, please don’t hesitate to contact us.