Tag: Medicare Part D
Medicare Part D: Prescription Drug Benefit
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Medicare Part D is a voluntary prescription drug program available to Medicare beneficiaries. To encourage employers to continue offering prescription drug benefits to Medicare-eligible retirees, Medicare provides an employer subsidy through the Retiree Drug Subsidy (RDS) program. The RDS is available to certain employers that sponsor group health plans providing retiree drug coverage. Eligible retirees…
Medicare Part D Notices Are Due Before Oct. 15, 2025
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Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2025—the…