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 deadline is February 29 for 2020 since it’s a leap year.
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.