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October13th

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The Deadline for providing the Medicare Part D Notices is fast approaching.

Medicare Part D prescription drug coverage is critically important for more and more Americans every year. According to the Centers for Medicare and Medicaid Services (CMS), millions upon millions of Americans are eligible for Medicare Part D prescription drug coverage. With an aging U.S. population and Medicare reform as an issue in the health care reform spotlight, Medicare Part D compliance is an issue that no employer with a group health plan can ignore. Millions of Medicare-eligible Americans receive their drug coverage through an employer-sponsored group health plan. Medicare Part D imposes two annual notice requirements on all employers that offer group health plan coverage with a prescription drug benefit:

* Employers are required to send participants either a Notice of Creditable Coverage or a Notice of Non-Creditable Coverage, whichever is applicable, by October 15 of each year and at other times.

* Employers must also notify CMS about their plan’s creditable coverage status no later than the 60th day after the start of each plan year.

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