Sometimes regular benefits compliance tasks take a hard left turn - that's when we need to pay attention.
In recent years, with COVID and the CAA, there are several examples. With the Inflation Reduction Act, we have one more that I'm frankly not hearing enough about.
Medicare Part D Creditable Coverage Status notification is a process many agencies and employers are familiar enough with -
However, with the inflation reduction act, and the pursuant changes to Medicare Part D coverage, the determination of whether or not coverage is considered "Creditable" has changed significantly.
In today's video, I cover what you need to know, what you need to do, and by when to make sure you're not missing the boat on this key requirement for all group health plans.
#benefitscompliance #employeebenefits #medicarepartD #benefitsadministration #benefitsconsultant
