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Do employers need to change how they determine Medicare Part D creditable coverage status?



The recent Inflation Reduction Act of the Biden administration made significant changes to how Medicare Part D covered certain expenses.


In light of these sweeping changes, how should an employer determine whether or not their coverage is creditable, or pays at least as well as, Medicare Part D coverage?


In a recent fact sheet issued by the CMS, the Department clarified this issue for employers and brokers -


And for now at least, the news is good news.


Watch the video for more details, and keep paying attention to the latest announcements from CMS to see how this might change.

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