Get Important Notice From Insert Employer Name About Your Prescription Drug Coverage And Medicare

A certificate of creditable coverage (COCC) is a document provided by your prior insurer that indicates your insurance has ended. The document itself includes your full name, effective dates of coverage, and the cancellation date.

ANNUAL DISCLOSURE Each year, employers with health plans that provide prescription drug coverage to Medicare-eligible individuals must disclose to CMS whether that coverage is creditable or non-creditable. The annual disclosure must be provided within 60 days after the start of the plan year.

Generally, one Medicare Part D notice is sufficient for a covered Medicare beneficiary, their spouse and all dependents, but when an employer knows that any Medicare-eligible spouse or dependent resides at a different address, the employer must send separate notice to that last-known address.

The disclosure notice must be given to all Medicare eligible individuals who are covered under, or apply for, your prescription drug plan. This includes active employees, disabled employees, retirees, COBRA qualified beneficiaries, covered spouses, and dependents.

What is it? You'll get this notice each year if you have drug coverage from an employer/union or other group health plan. This notice will let you know whether or not your drug coverage is “creditable.”

This law includes a prescription drug benefit called Medicare Part D. This new law makes prescription drug coverage available to all Medicare beneficiaries beginning January 1, 2006.

You must also provide notice: Before an individual's initial opportunity to enroll in Part D (this is generally satisfied by the October 15th annual notice requirement). Before the effective date of coverage for any Medicare-eligible individual who joins your plan.

The Medicare Part D notice is utilized to inform individuals about the plan's prescription drug coverage status for the next calendar year. A “Medicare Part D eligible individual” is an individual who: is entitled to Medicare Part A and/or enrolled in Part B as of the effective date of coverage under a Part D plan; and.