Notice & DisclosureAnnual
Medicare Part D Creditable Coverage Notice (Annual)
Medicare Part D; 42 CFR § 423.56(f); CMS Guidance
Annual notice to Medicare-eligible individuals disclosing whether the plan's Rx coverage is creditable (as valuable as Medicare Part D) or non-creditable. Late Part D enrollment penalty implications must be explained.
ResponsibleBroker
Deliver ToAll Medicare-eligible participants and dependents
DeadlineAnnually, before October 15 (start of Medicare Annual Enrollment Period)
Current Fee / Rate Information
No cost to file. Model notice available from CMS. Must be provided to Medicare-eligible individuals before October 15 (start of Medicare Annual Enrollment Period).
Last reviewed: April 2026
Non-Compliance Penalties
No direct employer penalty, but failure to notify may result in employees paying higher Part D premiums (late enrollment penalty of 1%/month for each month without creditable coverage).
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