What is a Notice of Creditable Coverage?
Per Centers for Medicare & Medicaid Services (CMS) regulations, all employers who offer prescription drug coverage must distribute Notice of Creditable Coverage (NOCC) or Non-Creditable Coverage to all Medicare-eligible individuals (actives and retirees) each year prior to November 15. The notice confirms whether or not the employer-provided coverage is creditable coverage, which means it is equivalent or better than the standard Medicare Part D benefit. This requirement is designed to ensure individuals have sufficient information about enrolling in Part D when first eligible. Your EBS account team is available to assist in the preparation of the notices, as well as the online disclosure that is required to be submitted no later than 60 days after the beginning of the plan year.
