Reminder: Medicare Part D Disclosures Due By February 29, 2020 For Calendar Year Plans

Feb 24, 2020 | Compliance

Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is creditable or non-creditable.

This disclosure requirement applies when an employer-sponsored group health plan provides prescription drug coverage to individuals who are eligible for coverage under Medicare Part D.

The plan sponsor must complete the online disclosure within 60 days after the beginning of the plan year. For calendar year health plans, the deadline for the annual online disclosure is normally March 1, 2020. However, since 2020 is a leap year, the deadline is February 29, 2020.

Click here for additional information as well links to CMS’s website and instructions.

 

 

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