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Medicare Prescription Drug Notice 2018

posted by Fulcro on September 28, 2018

IF YOU ARE AN EMPLOYER Offering Prescription Drug Coverage:

Medicare Prescription Drug, Improvement, and Modernization Act (MMA) requires you to disclose to all Medicare eligible individuals with prescription drug coverage under the plan, whether such coverage is “Creditable” or “Non Creditable”. This information is essential to an individual’s decision whether to enroll in a Medicare Part D prescription drug plan.
The employer’s due date to send such notice is ON OR BEFORE OCTOBER 14, 2018.The election period begins October 15 and ends December 7. (You may use the link to the model letters)
Please note, that as an employer offering prescription drug coverage you should submit to CMS on an annual basis, and upon any change that affects whether the drug coverage is creditable or not. (You may use the disclosure form link).
SI ERES UNA ENTIDAD O PATRONO que ofrece Cubierta de Medicamentos Recetados:
Como parte de los requisitos de “Medicare Prescription Drug, Improvement and Modernization Act” (MMA, por sus siglas en inglés), debe informar a todos los individuos elegibles o suscritos a Medicare si la cubierta grupal a la cual están suscritos es “Acreditable” o “No Acreditable” a Medicare. Esto, es con el propósito de que los asegurados puedan tomar una decisión de cuando suscribirse a Medicare Parte D.
La fecha límite para enviar su comunicado es EN O ANTES DEL 14 DE OCTUBRE DE 2018. El periodo de suscripción de Medicare Parte D es del 15 de octubre al 7 de diciembre, (puede usar el enlace incluido).
Debe recordar también que anualmente y/o cuando ocurra algún cambio que afecte la cobertura, corresponde reportar si su cubierta es o no acreditable directamente a CMS (puede usar el enlace incluido).

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