Employers who sponsor group health plans which include prescription drug coverage are required to provide all Medicare-eligible personnel with Part D creditable coverage notification before October 15th. Creditable coverage means that, on average, the coverage will pay as much as the standard Medicare prescription drug coverage. This written notice...
All employers offering a fully-insured health plan to their employees, should be receiving or should have received an MLR rebate check for distribution. There are few easy ways to calculate and disperse these funds. Please note, you are required to do this within 90 days of...
In the past, a Certificate of Creditable Coverage (COCC) was required when an individual changed employers and was enrolled in the new employer's health care plan. The COCC ensured that the individual would enjoy continuous coverage of any pre-existing conditions, without being subjected to a...
HR managers should be aware that an important Medicare notification is due soon. Employers who sponsor group health plans which include prescription drug coverage are required to provide all Medicare-eligible personnel with creditable coverage notification before October 15th. Creditable coverage means that, on average, the coverage will pay...
An important item to make a part of your new employee packet is the “Exchange Notice,” also known as a “Notice of Coverage Options.” This is notification for the employee that the health care exchange is available to them, as well as notice that they...