Archive | October, 2012

What’s new with healthcare reform? (Medicare Part D and employer notification requirements)

Employers who offer prescription drug plans to members who can get Medicare Part D are required to let these members know if their current prescription drug plan(s) are creditable or non-creditable.  This must be done by October 15 of each year. Creditable Coverage means that the drug coverage is expected to pay, on average, as […]

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What’s new with health care reform? SBCs (summary of benefits & coverage)

 Effective September 23, 2012, the Affordable Care Act (or health care reform law) requires that all insurers provide SBCs (summary of benefits & coverage) to consumers when: ◦ They are shopping for coverage. ◦ Their coverage changes. ◦ Their deductible resets. ◦ It is requested by an enrolled policyholder. (This requirement does not apply to […]

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