Sanford Health Plan is here to help you navigate the often-complex world of health insurance. With this in mind, here's your friendly reminder to send the annual federal Medicare Part D “Notice of Creditable or Non-Creditable Coverage” notice to your employees. Remember: If you offer health insurance with prescription drug benefits, you must send a notice to your employees by October 14, 2023, as required by the Centers for Medicare & Medicaid Services (CMS).

Here's how:

1. Send the Medicare Part D Notice of Creditable or Non-Creditable Coverage to your employees and COBRA participants by October 14, 2023 (if you need a list of COBRA participants, please let us know).
2. Make sure the notice is included in all new hire packets.
3. Complete and submit the “Disclosure to CMS Form” electronically here.

Download the following items by clicking the link:

• Memo explaining your tasks - and how to determine if your plan is “creditable” or “non-creditable”. The attached memo includes both the 2023 and 2024 “non-creditable” plans.
• Non-creditable coverage notice - if your plan is "non-creditable", you will send CMS Form 10182-NC.
• Creditable coverage notice - if your plan is "creditable", you will send CMS Form 10182-CC.
• Medicare coverage form - send this document with the Creditable Coverage notice. Only individuals that have Medicare coverage need to complete and return this form to ensure that we are correctly coordinating their health insurance benefits.

Important to note: If you offer two plans and their credibility is different, you need to provide the appropriate notice to the plan selected by your employee.

NOTE: This material is not considered legal advice. If you offer additional prescription drug benefits, please seek information from the appropriate carrier.