October 14th is the last day employers who sponsor group health plans can timely provide the Medicare Part D Notice to plan participants. This Notice is provided to inform participants whether or not your plan’s prescription drug coverage is expected to cover, on average, as much as the standard Medicare Part D plan. The notice must be distributed to all individuals enrolled or seeking to enroll in your plan who are eligible for Medicare Part D (including spouses and dependents), but many employers decide to send the Notice to all employees. The CMS website has customizable model Notices for both creditable and non-creditable coverage.
For more details and answers to common questions on the Medicare Part D Notice, refer to our prior blog post.
