Reminder: Medicare Part D Notices Are Due Before Oct. 15

Reminder Medicare Part D Notices Are Due Before Oct. 15

Notice to all employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals:

You must provide a Medicare Part D Creditable or Non-Creditable Coverage Notice to those individuals before October 15.

These notices inform Medicare-eligible individuals whether the plan’s prescription drug coverage is expected to pay, on average, as much as the standard Medicare prescription drug coverage. A drug plan is credible if it:

  1. Provides coverage for brand and generic prescriptions
  2. Provides reasonable access to retail pharmacies
  3. Is designed to pay on average at least 60% of participants’ prescription drugs expenses

The notices may be provided in annual enrollment materials, separate mailings or electronically.