Oct 13, 2022
Health Net is mailing an important reminder to employer groups about a CMS notice they must provide their employees by October 15, 2022: Pharmacy plan creditable coverage.
Employers must send this notice to their employees in the coming weeks if they haven’t already. Health Net is mailing a letter to let them know about this notice requirement. Employers may use the CMS model notices referenced in the letter.
Pharmacy Plan Creditable Coverage Notification
Employer groups who provide prescription drug coverage through a group-sponsored health plan have to notify Medicare-eligible employees of the creditability status of their pharmacy plan.
Health Net has assessed its 2022–2023 pharmacy plans for creditability. Most are creditable, but some do not meet the actuarial value of the standard Medicare Part D benefit. Health Net is sending their group customers a list of pharmacy plans that are not creditable so employers know what to tell employees, along with details for filing the Medicare-required Online Disclosure to CMS Form. A list of the non-creditable pharmacy plans can be found under ”Pharmacy Resources” in the broker and employer portals for future reference.
You can find more information on creditable coverage, along with the CMS Model Beneficiary Creditable Coverage Disclosure Notice and the Online Disclosure to CMS Form, in the employer section of the Centers for Medicare & Medicaid Services (CMS) website.
Contact your Amwins Connect Regional Sales Manager for more information on Health Net's Pharmacy Creditability.
