The plan sponsor must complete the online disclosure reporting if the health plan(s) prescription drug coverage is creditable or non-creditable within 60 days after the beginning of the plan year. For calendar year health plans, the deadline for the annual online disclosure is March 1.
Timing of Disclosures to CMS
The disclosure notice must be provided within the following time frames:
- Within 60 days after the beginning date of the plan year;
- Within 30 days after the termination of a plan’s prescription drug coverage; and
- Within 30 days after any change in the plan’s creditable coverage status.
The CMS reporting requirement applies if the group health plan(s) covers any Medicare-eligible individuals at the start of each plan year. This includes anyone on Federal COBRA or State Continuation.
For more information, visit: CMS Creditable Coverage Disclosure Form