Calendar-year plan deadline is March 1.
Employers who provide prescription drug coverage to Medicare-eligible individuals must disclose each year to the Centers for Medicare & Medicaid Services whether that coverage is “creditable” or “non-creditable.”
This disclosure requirement must be completed online no later than 60 days from the beginning of a plan year. Calendar-year plans must complete the disclosure to CMS by March 1, 2015. Non-calendar-year plan deadlines vary throughout the year.
This online disclosure is separate from the Creditable Coverage notice that must be provided to Medicare-eligible participants by October 15 each year.
If you have questions, please contact your Bukaty Companies benefits consultant at 913.345.0440.
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