MEDICARE CREDITABLE COVERAGE TESTING

The Medicare Modernization Act (MMA) requires entities whose group medical insurance coverage includes prescription drug coverage to notify Medicare eligible employees whether their prescription drug coverage is creditable coverage, which means that the coverage is expected to pay on average as much as the standard Medicare Part D prescription drug plan design.

Our consultants can help you or your clients meet the MMA disclosure requirements by offering the following services:

  • Testing employer plan designs to evaluate compliance with minimum Actuarial Value (AV) requirements
  • Issuing a report in support of employer creditable coverage notices