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Medicare Part D Disclosures due by March 1, 2017 for Calendar Year Plans | MI Benefit Advisors

Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is creditable or noncreditable.  This disclosure requirement applies when an employer sponsored group health plan provides prescription drug coverage to individuals who are eligible for coverage under  Medicare Part D. The plan sponsor must complete the online disclosure within 60 days after the beginning of the plan year.   For calendar year health
plans, the deadline for the annual online disclosure is March 1.

To read more and see what action steps need to be made, please click here.