Compliance & Health Care Reform
Employers sponsoring a group health plan with prescription drug benefits are required to notify their Medicare-eligible participants and beneficiaries as to whether the drug coverage provided under the plan is "creditable" or "non-creditable." This notification must be provided prior to October 15th each year. Also, the employer must notify CMS of the creditable status of the drug plan by the 60th day after the plan’s annual renewal.
Compliance And Health Care Reform Library