What do you need to do?
In order to meet your obligations required by CMS, you must notify all Medicare eligible individuals
who are eligible for coverage under your plan at specific times regardless of whether your plan is
creditable or non-creditable. CMS requires that Notice of Creditable Coverage be sent to any
Medicare Eligible employee at the following times:
- Each year, prior to the Medicare Part D Annual Coordinated Election Period which begins October
- Prior to an individual's Initial Enrollment period for Part D;
- Prior to the effective date of coverage for any Medicare eligible individual that joins the
- Whenever the individual's pharmacy plan changes creditable/non-creditable status or terminates;
- Upon request.
Additional information regarding the Notice of Creditable Coverage including a copy of the employee
disclosure notice can be found at http://www.cms.gov/CreditableCoverage.
The Notice of Creditable Coverage employee disclosure is intended to assist Medicare-eligible
individuals in determining if they should enroll in a Medicare Part D plan at the initial enrollment
period (IEP) or at a later date. For those individuals who do not enroll during the initial
enrollment period and do not have creditable coverage under another pharmacy plan, a late enrollment
penalty fee (assessed as part of the premium) accrues monthly for each month that the individuals
delay enrollment in a Medicare Part D plan. If individuals have creditable coverage and enroll in a
Part D plan at a later date, the late enrollment penalty fee will not be assessed. If you have any
questions regarding this information, please feel free to contact your Truli for Health sales
representative or agent.