Employers with group health plans that provide prescription drug coverage to Medicare-eligible individuals are subject to specific disclosure obligations under Medicare Part D. Medicare Part D requires employers to disclose whether their prescription drug coverage is creditable to both the Centers for Medicare and Medicaid Services (CMS) and to Medicare Part D-eligible
individuals. These disclosures must be made on an annual basis and at certain other designated times.
Understanding these obligations is more than just a compliance task; it ensures employees can make informed health care decisions and avoid costly penalties. By understanding the rules and planning ahead, employers can help ensure a more seamless benefits experience.
