Prescription Drug Plans (Even as Part of a Health Plan) Must Be Annually Disclosed to CMS
Employers who sponsor group health plans that cover any prescription drugs generally must disclose whether the plan provides creditable or non-creditable prescription drug coverage to the Centers for Medicare and Medicaid Services (CMS) within 60 days of the start of a new plan year. If your plan year begins on January 1, you must file your disclosure with CMS by March 1.
Filing is done electronically using the CMS Website. Instructions also are available there.
This filing requirement applies to all group health plans that cover anyone eligible for the Medicare Part D prescription drug program, whether as an active employee, spouse, dependent or retiree.
This disclosure is in addition to the Notice of Creditable (or Non-creditable) Coverage that you provide annually to Medicare-eligible participants in the fall.
Posted on February 18, 2019 by Gary B. Kushner, President and CEO