In this episode of Comply on the Fly, dive into an annual compliance requirement: Medicare Part D creditable coverage notices. Employers that sponsor health plans must tell Medicare eligible participants whether their prescription drug coverage is creditable, meaning it is as good as or better than Medicare Part D.
This notice helps participants avoid late enrollment penalties and must be provided each year by October 15.
Please Note: This podcast and the contents herein do not constitute legal advice. Seek the advice of counsel for any benefit compliance related implementation guidance or strategy.
Model Notice Letters:
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