Reminder to Complete Part D Creditability Reporting to CMS
Feb 16, 2023
All employers sponsoring a medical/Rx plan are responsible for completing an with the Centers for Medicare and Medicaid Services (CMS)if any participant (employee, spouse, or dependent) might be eligible for Medicare Part D(Medicare鈥檚 prescription drug program).
This annual reporting indicates whether the employer鈥檚 prescription drug benefits are creditable or non-creditable compared to Medicare Part D.聽 Employers are responsible for going online and making a disclosure via the .
For a calendar year plan, the 2023 reporting is due Thursday, March 2, 2023 (or Tuesday, January 31, 2023, if one or more of the plan options changed creditability or terminated).
There is no express penalty to the employer for reporting late or failing to report, but it may be prudent to save the final screen as proof of submission, as the website does not provide a certificate of completion.
CMS provides basic , and it takes approximately 5 minutes to complete. A group health plan will need to report the following:
Please let your ob体育 Benefits team know if you have any questions.
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