Employers who provide prescription drug benefits must report to CMS annually whether the benefits are creditable in respect to Medicare Part D coverage. The disclosure must be made online within 60 days from the beginning of the plan year. For calendar year plans, the upcoming deadline is March 1, 2021.
Our bulletin below contains helpful information on the CMS requirements, including the time frames and triggers for additional disclosures; as well as determination of creditable coverage status and disclosures to individuals.
If you have questions or need help, please contact one of our benefit consultants.