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Medicare Part D – Reminder

IMPORTANT UPDATE

Medicare Part D – Reminder

Medicare Part D – Creditable or Non-Creditable Coverage Notice

The Medicare Modernization Act requires every employer that offers prescription drug coverage to notify all "Part D-eligible individuals" to let them know whether coverage under the employer's health plan is "creditable" or "non-creditable".  The notice applies to employers that offer prescription drug coverage on a group basis to active or retired employees and their dependents eligible for Medicare Part D.  This notice must be provided each year and indicate whether your group health plan provides creditable or non-creditable coverage.  It is recommended that the notice be sent to all Plan members prior to the start of Medicare's open enrollment period of November 15th.

Model language for both creditable and non-creditable coverage is available at the CMS web site, http://cms.hhs.gov/creditablecoverage.  Guidance to determine whether or not the group prescription is creditable or non-creditable can also be found on this site.