|There is an upcoming deadline for the employer disclosure notice requirement for Medicare Part D (the prescription drug program).
The deadline to distribute the notices is October 15, 2018.
This notice should be distributed to all Part D eligible individuals who are covered under, or who apply for, the plan’s prescription drug coverage, regardless of whether the prescription drug coverage is primary or secondary to Medicare Part D. The Disclosure Notice requirement applies to Medicare beneficiaries who are active or retired employees, disabled, or on COBRA, as well as Medicare beneficiaries who are covered as a spouse or dependent.
An individual is eligible for Medicare Part D if:
1. The Individual is entitled to Medicare Prat A and is enrolled in Medicare Part B, as of the effective date of coverage under the Part D plan; and
2. The individual resides in the service area of a prescription drug plan or of a Medicare Advantage plan that provides prescription drug coverage.
Additional information and resources can be found HERE.
Step by Step Outline:
STEP 1: Assess Your Active Employee Population.
STEP 2: Determine Whether Your Prescription Drug Plan’s Coverage is Deemed to be Creditable.
STEP 3: Develop and Implement an Annual Communication
Campaign for Active Employees.