Applies to:
- Retail U65 ACA Plans
- Medicare Supplement Plans with Prescription Drug Coverage
The annual mailing to Retail subscribers and Medicare Supplement members informing them whether their plans’ prescription drug coverage is "creditable" or "non-creditable" begins this week.
Important: Members should keep this notification for their records. If a member is or becomes eligible for Medicare, the notice includes information that can help them decide whether to switch plans.
Background: Creditable coverage is defined by the Centers for Medicare & Medicaid Services (CMS) as "prescription drug coverage (e.g., from an employer or union) that's expected to pay, on average, at least as much as Medicare's standard prescription drug coverage."