Annual Medicare Part D Notices are Due Soon!
The 2016 deadline for the annual Medicare Part D notices is fast approaching, October 15th. These notices inform plan participants about whether the plan’s prescription drug coverage is expected to cover as much, on average, as Medicare Part D. The Centers for Medicare and Medicaid Services’ website contains customizable notices for both creditable and non-creditable coverage. The notice can be sent out as part of annual enrollment materials, electronically or through a separate mailing. Although the annual notice is due by October 15th remember that a Medicare Part D Notice is also required: 1) Prior to an individual’s enrollment in Medicare Part D; 2) Prior to the effective date of enrollment in the prescription drug plan; 3) Upon a change in the plan’s creditable services; and 4) At a Participant’s request.