Deadline for Employer Notices to Medicare Part D Eligible Employees: October 15, 2012

Medicare Annual Election Period: October 15th – December 7, 2012

The Medicare Annual Election Period (AEP) begins October 15, 2012 and ends on December 7, 2012.

Employer Due Diligence and Part D Disclosure Notices

Employers are required to send notices by October 15, 2012, to Medicare Part D eligible employees, to whom they provide prescription drug coverage, detailing whether the employer-sponsored Rx coverage is creditable or non-creditable.

Medicare Part D Creditable / Non-Creditable Chart

Please click here to view an easy reference creditable or non-creditable coverage designation chart for small group plans.

Creditable Coverage Model Notice*

Please view the attached creditable coverage model notice provided by Word & Brown. The model notice includes the wording required by the Center for Medicare & Medicaid Services (CMS) if the employer-sponsored Rx coverage is creditable. It should be customized (as indicated) before distribution by the employer to Medicare Part D eligible individuals. Click here. Also available in Spanish.

Non-Creditable Coverage Model Notice*

Please view the attached non-creditable coverage model notice provided by Word & Brown. This model notice includes the wording required by the CMS if the employer-sponsored Rx coverage is non-creditable. It should be customized (as indicated) before distribution by the employer to Medicare Part D eligible individuals. Click here. Also available in Spanish.

Employers Also Required to Submit an CMS Online Report

Employers with Medicare Part D eligible employees to whom they provide prescription drug coverage are also required to submit an online disclosure to the CMS annually (no later than 60 days from the beginning of a plan year, within 30 days after the termination of a prescription drug plan, or within 30 days after any change in creditable coverage status). Please click here for the CMS online disclosure form.

Word & Brown definition: *Creditable coverage means the prescription drug coverage provided by the employer-sponsored plan is expected to pay on average as much as the standard Medicare Part D prescription drug coverage. Non-creditable coverage means the prescription drug coverage provided by the employer-sponsored plan is not expected to pay on average as much as the standard Medicare Part D prescription drug coverage.

PLEASE CLICK HERE for REEVA’S CONTACT INFORMATION

Reeva Simon Rivkin, RHU, HIP, President, Rivkin Insurance Services; CA LicOB12353

Rivkin Insurance Services is a full service insurance agency specializing in Employee Benefits, Medicare Supplements, Medicare Advantage, Medicare Part D, Long Term Care Insurance, and Individual Health Care Insurance. We are here to help!

We are your advocate!

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