AmeriHealth New Jersey Market Edge Article
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September 2021
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Market Edge
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News for All Segments | AHNJ
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Medicare Part D Creditable Coverage notification to begin
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Under the Medicare Modernization Act, the Centers for Medicare & Medicaid Services (CMS) requires employer groups and organizations that offer prescription drug coverage to their Medicare-eligible employees, retirees, and dependents to notify them by October 15, 2021, of whether that coverage is "creditable" or "non‑creditable."
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Please note that all small group, large group, and consumer plans are creditable.
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What these organizations must do
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Organizations that offer prescription drug coverage to Medicare-eligible members must take the following steps to comply with this requirement:
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- Determine whether their prescription drug coverage is creditable or non‑creditable
- Disclose to their Medicare-eligible members (employees and their dependents) whether their prescription drug coverage is creditable or non‑creditable prior to the Medicare Part D Annual Election period, running from October 15, through December 7, of this year, and at other times during the future
- Notify CMS of whether their prescription drug coverage qualifies as creditable or non‑creditable
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If you have any questions, please contact your AmeriHealth New Jersey broker representative.
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