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September 12, 2016

Reminder: Distribute Medicare Part D Notices by October 15th (article)

Plan sponsors have 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 2017 year begins October 15, 2016 and runs through December 7, 2016.

 

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 within the 12-month period ending on October 15, 2016.

 

The Centers for Medicare and Medicaid Services (CMS) provide model language that can be tailored by plan sponsors to satisfy their notice obligation:

·         Model Individual Creditable Coverage Disclosure Notice Language (English or Spanish)

·         Model Individual Non-Creditable Coverage Disclosure Notice Language (English or Spanish)

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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