Plan sponsors are currently inundated with many disclosure obligations, especially those required by the Affordable Care Act. On top of those required disclosures, there remains an annual obligation to provide the Medicare Part D creditable notices to Medicare-eligible individuals.
The annual Medicare Part D open enrollment period for the 2014 year begins October 15, 2013 and runs through December 7, 2013. The Medicare Part D Notice of Creditable or Non-creditable Coverage must be provided to Medicare-eligible individuals at least annually, prior to the Medicare Part D open enrollment period. This means that all Medicare Part D notices of creditable or non-creditable coverage must be provided prior to October 15, 2013.
Below are links to the CMS model notices:
The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.
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