Employers sponsoring a group health plan with prescription drug benefits are required to notify their Medicare-eligible participants and beneficiaries as to whether the drug
coverage provided under the plan is “creditable” or “noncreditable.”This notification must be provided prior to October 15th each year. Also, following the plan’s annual
renewal, the employer must notify the Centers for Medicare & Medicaid Services (“CMS”) of the creditable status of the drug plan.
Employers should send these notices no later than October15, 2021 if they haven’t done so already. Have questions about this notice? Contact your Total Benefit Solutions Inc health insurance specialists at (215)355-2121.
Click here to download Medicare Part D Notification Requirements