What Every Employer Needs to Do Before November 15, 2005

Medicare Part D - Prescription Drug Coverage: What Every Employer Needs to Do Before November 15, 2005

October 2005
Every employer sponsoring a medical plan that provides coverage to "Medicare eligible" individuals must notify these individuals whether the employer-provided coverage is "equivalent," or creditable, to Medicare Part D coverage. The initial notice of creditable coverage (or non-creditable coverage) is due by November 15, 2005. All employers need to address this issue before November 15; this requirement is not restricted to those employers who offer retiree medical coverage.