Annual Medicare Part D Notification Requirements

Every year groups are required to notify anyone that is Medicare-eligible regarding if the prescription plan they provide meets Medicare Creditable Coverage requirements. Language from the notification memo from CMS is below. Notification needs to go to Medicare eligible members by October 15th.  Additionally, you must go the CMS site each year and report on your plan.  Use the link …

Medicare Enrollment Options for 2017-18

A summary of what you need to know. Provided by Reeve Conover – Conover Consulting Key Medicare enrollment periods are approaching. This fall and winter, there are three periods in which Medicare beneficiaries can either enroll or disenroll in forms of coverage.

Medicare- United American Rx plans now part of Silverscript

Members who receive Medicare Part D benefits through United American (PDP) will see no benefit changes in 2016. All benefits, formulary and the pharmacy network will remain consistent in 2016, yet will be administered and sponsored by SilverScript© Insurance Company. As a proud member of the CVS Health family of companies, SilverScript (PDP) shares that commitment by offering affordable, high quality …

Medicare Part D Notices required by 10/14

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2016-the start date of the annual …

You’ll be surprised at how much this one mistake can cost you

From Employee Benefit Advisor There has been a long-standing rule that employers are prohibited from offering an incentive of any kind to an individual who is Medicare-eligible to enroll in Medicare in lieu of the employer’s group health plan.   Encouraging your older employees to leave your plan and financially incenting them to do so can cost you – big …

CIGNA banned from Medicare Sales

Cigna was temporarily banned from marketing its Medicare products to new customers, after the U.S. found deficiencies in how the health insurer ran its plans, citing widespread violations that the government said threatened patients’ health.  This means that existing customers can keep their policies but no new customers can be brought on board. I appears this relates more to the …