Medicare Part D Mandatory Disclosure
Have you completed the online disclosure form to the U.S. Centers for Medicare & Medicaid Services (CMS)? The Medicare Modernization Act requires employers that provide creditable prescription drug coverage to complete this form to any Medicare-eligible individual. Creditable coverage is coverage that is expected to pay, on average, as much as the standard Medicare part D coverage.
This disclosure is required annually and at certain other times. It’s mandatory that the form is completed no later than 60 days from the beginning of a plan year or benefits renewal period.
You can access the Online Disclosure Form by using this link.
Haren Insurance is here to help in any compliance and insurance regulations. Please feel free to reach out to us.