Entities that provided prescription drug coverage to Medicare Part D-eligible individuals during calendar year 2018 must report to the Centers for Medicare & Medicaid Services (CMS) whether the creditable coverage is creditable prescription drug coverage. Disclosure to CMS is required whether the entity’s coverage is primary or secondary to Medicare.
Creditable Coverage
These entities include employers who provided group health coverage to employees eligible for Medicare Part D. Employers must submit these forms to avoid any penalties associated with providing non-creditable coverage during the previous plan year.
The report is due to CMS on Thursday, March 1, 2018 for calendar-year plans. For non-calendar-year plans, the report is due within 60 days from the beginning of the plan year.
You can find the form for reporting this information to CMS here.
Let Plexus lend a hand
Have questions regarding today's Alert or other employee benefits matters? Then contact a Plexus benefits client service team member in Deer Park, Ill. (847.307.6100), Chicago (312.606.4800), Dallas (972.770.5010), or Oklahoma City (405.840.3033).