Important Information about Medicare Part D
Enrollment to Medicare Part D
October 15, 2019 to December 7, 2019
Under the Medicare Prescription Drug Improvement and Modernization Act (MMA), a voluntary prescription drug program was created for Medicare Part D participants.
As part of the provisions of the MMA, businesses who offer prescription drug coverage on a group health plan to active or retired employees, must provide a notice of either creditable or non-creditable coverage.
These notices determine whether or not the prescription drug coverage being offered in the company's health plan, meets the coverage that is offered by Medicare Part D. The notice is to advise any employees over 65 who are working, whether or not they need to buy a Part D drug plan to avoid the penalty of having non-creditable coverage.
To assist questions or concerns you may have regarding these notices, a PDF of Creditable Coverage Guidance can be found here as well as other links with information:
Once notification has been made to applicable employees, you are required to disclose to the Center for Medicare & Medicaid Services (CMS) whether or not your plan is creditable.
This procedure must be done annually.