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Department of Labor Delays Application of Fee Disclosure Rules; and ERISA – Fiduciary Definition – Proposed Regulations Withdrawn.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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Published In: Administrative Agency Updates, Health Updates, Insurance Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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