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It’s hard keeping up with all the changes in the benefits industry, so we do it for you! All Trion clients receive regular e-newsletter alerts. From ERISA to the Affordable Care Act, annual reminders, and new Paid Family Leave legislation, our experts and attorneys help keep you up to date and compliance.
Time-sensitive alerts about legislative events and regulatory reminders such as spending account contribution limits and required annual notices.
Short alerts sent within 48-72 hours of any newsworthy healthcare legislation events. Stay ahead of the curve 24/7/365 with Trion.
Comprehensive newsletters explaining recent healthcare legislative events and providing our experts’ opinions on what actions are required of employers.
Annual CMS Medicare Part D Disclosure Due for Calendar-Year Plans – February 14, 2020
Reporting Creditable or Non-Creditable Status to CMS
As part of the annual notification requirements under the Medicare Modernization Act (MMA), employer-sponsored group health plans that provide prescription drug coverage are required to disclose the plan’s creditable or non-creditable coverage status to the Centers for Medicare & Medicaid Services (CMS). This online disclosure is due sixty (60) days after the first day of each plan year, and for calendar year plans it should be made by February 29, 2020 (but see Timing of the Disclosure to CMS Form below).
This alert provides a summary of the Medicare Part D disclosure requirements including a review of:
- The employers subject to Medicare Part D disclosure,
- The timing of the Disclosure to CMS Form,
- The general contents of the Disclosure to CMS Form, and
- Available CMS guidance and instructions.
If you have any questions or need further details about the creditable coverage disclosure requirements, please contact your client service team.
Guide to the State Individual Mandates – February 10, 2020
The Rise of State Individual Mandates
Restoring an Affordable Care Act (ACA) Requirement
As of 2019, the Tax Cut and Jobs Act of 2017 reduced the ACA’s individual mandate penalty to $0. In reaction, several states and the District of Columbia have enacted their own ACA-style individual mandates requiring taxpayers to provide proof of health coverage to avoid financial penalties. This article focuses on the obligations for employers sponsoring group medical coverage and summarizes what we know so far.
Note: We intend to update this article as new or additional state individual mandate guidance becomes available. This article is current as of the publication date appearing at the top of this page.