Employers that offer a health plan that covers outpatient prescription drugs must distribute the plan’s Medicare Part D notice before October 15. The notice explains whether the plan’s drug benefits are creditable or noncreditable coverage. It is only required for Medicare-eligible participants, but many employers choose to distribute the notice to all participants regardless of age or Medicare status.
See our blog post for details on preparing and distributing the notice.
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ThinkHR customers can find a wealth of information about other compliance requirements for employer health plans by logging on to Comply.