Medicare Part D Notice to Come
Employers who provide prescription drug coverage to retirees and/or to Medicare-eligible individuals are required to determine whether their drug plan provides “creditable coverage.” This means whether the coverage is expected to pay on average as much as the standard prescription-drug coverage under Medicare Part D.
We will soon notify employer groups which QualChoice plans that include drug coverage are “creditable coverage” and any that are not considered creditable coverage. Employers must provide this information to employees by October 15 of each year.
