Notice deadline 10\/15\/16<\/p>\n
There are two steps to be compliant:<\/u><\/strong><\/p>\n Here is more information on WHY you have to do this and directions as well:<\/u><\/strong><\/p>\n The Medicare Modernization Act<\/a> (MMA) requires employers whose policies include prescription drug coverage to provide a written disclosure notice<\/a> to all Medicare eligible policyholders of whether such coverage is creditable. Creditable coverage means that the coverage is expected to pay, on average, as much as the standard Medicare prescription drug coverage.<\/p>\n This disclosure must be provided prior to October 15th, 201<\/strong>6<\/strong> (and at various times as stated in the regulations<\/a>) to:<\/p>\n Please see the attached <\/strong>Model notices<\/strong><\/a> available for distribution.\u00a0 <\/strong><\/p>\n Additional Disclosure Requirements <\/strong> The disclosure submission process is composed of the following steps to complete the online Creditable Coverage Disclosure Form available via the following link:<\/p>\n https:\/\/www.cms.gov\/Medicare\/Prescription-Drug-Coverage\/CreditableCoverage\/CCDisclosureForm.html<\/a><\/p>\n Disclosure to CMS Instructions:<\/strong><\/p>\n Step 1 -Enter the Disclosure Information<\/p>\n Step 2 -Verify and Submit Disclosure Information, and<\/p>\n Step 3 -Receive Submission Confirmation<\/p>\n Please see the attached \u2018Disclosure to CMS Instructions\u2019 for further information on completing the online Creditable Coverage Disclosure form.<\/p>\n Attachments: Notice deadline 10\/15\/16 There are two steps to be compliant: Medicare eligible employees\/dependents age 65 or greater must be notified by October 15th if the employer sponsored prescription drug plan meets or exceeds Medicare Part D\u2019s prescription drug benefits (called \u201ccreditable coverage\u201d).\u00a0 The employee\/dependent notices are attached along with instruction. Note: Virtually all health plans … Continue reading Medicare Part D Disclosure Model Notices & CMS Disclosure Instructions<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/41"}],"collection":[{"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=41"}],"version-history":[{"count":3,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/41\/revisions"}],"predecessor-version":[{"id":50,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/41\/revisions\/50"}],"wp:attachment":[{"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=41"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=41"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.winwoodinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=41"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\nUnder the law, employers must also complete an online disclosure to CMS to report the creditable coverage status of their prescription drug plan at certain intervals.<\/p>\n
\nDisclosure to CMS Instructions<\/a>
\nCreditable Coverage Disclosure Guidance<\/a>
\nModel Non-Creditable Coverage Disclosure Notice<\/a>
\nModel Creditable Coverage Disclosure Notice<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"