Medicare Part D Disclosure Notice to Employee for 2014

In order for Medicare Part D eligible individuals to make informed and timely enrollment decisions, group health plan sponsors must disclose the status (creditable or non-creditable) of the plan’s prescription drug coverage. If an individual’s enrollment in Part D is to be considered timely, the individual must enroll before the end of his or her Initial Enrollment Period.

The Initial Enrollment Period for Part D is concurrent with the individual’s Initial Enrollment Period for Medicare Part B.  The Initial Enrollment Period is seven months long. It includes the month in which an individual first meets the eligibility requirements for Medicare Parts A & B, as well as the three months before and after the month of first eligibility.

After the Initial Enrollment Period, the individual may only enroll in a Part D plan during the Annual Coordinated Election Period. The Annual Coordinated Election Period begins on Oct. 15 and goes through Dec. 7 of each year. Read More»

Notice to Power Kunkle Clients

Annually Power Kunkle issues Custom/Distribution-Ready Medicare D Disclosure Notices to our clients.  Within the upcoming weeks you will receive an email that will contain a disclosure notice customized with your company information and creditability status.  If you do not receive this notice by October 1st please contact your Client Relations Manager or call 610-685-1790

 

DISCLOSURE

The information provided herein is intended solely for the use of our clients. You may not display, reproduce, copy, modify, license, sell or disseminate in any manner any information included herein, without the express permission of the Publisher or Publishers of articles within.

The information provided is for informational purposes only and does not constitute legal advice. The information above contains only a summary of the applicable legal provisions and does not purport to cover every aspect of any particular law, regulation or requirement. Depending on the specific facts of any situation, there may be additional or different requirements. This is to be used only as a guide and not as a definitive description of your compliance obligations.