Important Employee Benefits Compliance Updates

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In This Issue:

Medicare Part D – Notice of Creditable Coverage; Health Care Reform – Four-page Summary of Benefits and Coverage – Proposed Regulations Issued; Department of Labor Delays Application of Fee Disclosure Rules; and ERISA – Fiduciary Definition – Proposed Regulations Withdrawn.

Medicare Part D – Notice of Creditable Coverage

Beginning in 2011, the annual election period (AEP) for Medicare Part D will open one month earlier – it will now run from October 15 to December 7. The Centers for Medicare & Medicaid Services (CMS) has updated its model Medicare Part D notices of creditable and non-creditable prescription drug coverage to reflect the new dates of the AEP. Updated model notices may be downloaded here.

This change may affect the timing of a group health plan’s Medicare Part D notice.

Please see full article below for more information.

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