The deadline to distribute creditable coverage disclosure notices to Medicare-eligible individuals is only a few weeks away. If you have any plan participants eligible for Medicare Part D, you must disclose to those individuals before October 15 each year whether their prescription coverage through your group plan is as comprehensive as the benefits offered under Medicare Part D.
The notices can be included in your open enrollment materials or sent electronically if certain guidelines are met. Although the requirement is only that Medicare-eligible individuals receive notices, you may want to provide disclosures to all plan participants and dependents, as it can be difficult to know which participants are Medicare-eligible.
Additional information can be found in this legislative guide:
Medicare Part D: Creditable Coverage Disclosure Notices