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Medicare Part D Disclosure to CMS

March 1

Group health plans that provide Rx coverage to individuals who are eligible for Medicare Part D Must disclose to CMS whether Prescription coverage is creditable or non-creditable within 60 days after the beginning of the plan year using CMS’s Online Disclosure Form.

In general, to be creditable the Plans Rx actuarial value must be equal or more than Medicare Part D’s actuarial value for coverage.

No enforcement penalties or sanctions for failing to timely file.

Details

Date:
March 1