Medicare Part D Notices Due Oct. 15 | PA Employee Benefits

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15.PurposeMedicare began offering “Part D” plans — optional … Continued

CMS Disclosure Requirement for Employer Health Plans | PA Benefit Advisors

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued

CMS Allows States to Extend Life of “Grandmothered” or Transitional Health Insurance Policies | PA Benefit Consultants

On February 23, 2017, the Department of Health and Human Services’ Centers for Medicare & Medicaid Services (CMS) released its Insurance Standards Bulletin Series, in which it re-extended its transitional policy for non-grandfathered coverage in the small group and individual health insurance markets.States may permit issuers that have renewed policies under the transitional policy continually since … Continued

Medicare Part D: Creditable Coverage Disclosures | PA Benefit Advisors

Entities such as employers with group health plans that provide prescription drug coverage to individuals that are eligible for Medicare Part D have two major disclosure requirements that they must meet at least annually:Provide annual written notice to all Medicare eligible individuals (employees, spouses, dependents, retirees, COBRA participants, etc.) who are covered under the prescription … Continued

 

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