Jan 18, 2024How to Address Mental Health Concerns in the Workplace
Knowing how to address mental health concerns in the workplace sets you, your employees, and your business up for success.
In addition to the annual requirement to provide all Medicare-eligible plan participants with notices of creditable and non-creditable coverage, welfare plan sponsors must also complete the Online Disclosure to CMS Form to report the creditable coverage status of their prescription drug plan.
The Disclosure should be completed annually no later than 60 days from the beginning of a plan year (contract year, renewal year), within 30 days after termination of a prescription drug plan, or within 30 days after any change in creditable coverage status. This requirement does not pertain to the Medicare beneficiaries for whom entities are receiving the Retiree Drug Subsidy (RDS).
For calendar year plans, the deadline is (end of day) March 1, 2024. For non-calendar year plans, the deadline is 60 days past the beginning day of the Plan Year.
The CMS online tool is the only method allowed for completing the required disclosure. Click on the link, then follow the prompts to respond to a series of questions regarding the plan. The link is the same regardless of whether the employer’s plan provides creditable or non-creditable coverage. The entire process usually takes only 5 or 10 minutes to complete.
Click here for the online CMS Disclosure site: https://www.cms.gov/Medicare/Prescription-Drug-Coverage/CreditableCoverage/CCDisclosureForm
The employer will need to gather the following information in order to complete the online disclosure to CMS:
Please note that CMS is no longer providing employers with emailed confirmations of submission; therefore, we recommend saving a screenshot of the confirmation screen and saving it in an accessible location on your local or cloud storage. You may also wish to print (and retain for your records) the confirmation.
In today’s world of employee benefits, staying compliant with ever-evolving laws, rules and regulations is a constant challenge. Well-versed in both federal and state legislation as well as the changes brought about by the Affordable Care Act, our expert advisors have a deep knowledge of employee benefits and a detailed understanding of healthcare laws, regulations, and standards. Contact Morris & Garritano today for a complimentary compliance assessment.
This information is general and is provided for educational purposes only. It is not intended to provide legal advice. You should not act on this information without consulting legal counsel or other knowledgeable advisors.