Does the employer need to include a creditable or not creditable coverage statement in their Standard Plan Document (SPD) or other member material?
MMA does not require this however if the employer wants to use this method as the annual notification then the guidelines require the disclosures must be prominent and conspicuous. This means that the statements (or a reference to the section in the document being provided to the beneficiary that contains the required statement) must be prominently referenced in at least 14-point font in a separate box, bolded, or offset on the first page that begins the plan participant information being provided. Example of reference to creditable or non-creditable coverage requirements: If you have Medicare or will become eligible for Medicare in the next 12 months, a new Federal law gives you more choices about your prescription drug coverage, starting in 2006.
Related Questions
- Does the employer need to include a creditable or not creditable coverage statement in their Standard Plan Document (SPD) or other member material?
- Does the employer have to send a Non-Creditable Coverage notification if their pharmacy plan is deemed not creditable?
- How does an employer plan know if their coverage is creditable?
