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Updated June 29, 2009, CREDITABLE COVERAGE DISCLOSURE TO CMS GUIDANCE INTRODUCTION The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) added a new prescription drug program
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Creditable coverage disclosure is a disclosure provided to individuals regarding their health insurance coverage.
Health insurance providers and sponsors of group health plans are required to file creditable coverage disclosure to individuals.
Creditable coverage disclosure can be filled out electronically or through paper forms provided by the insurance provider or plan sponsor.
The purpose of creditable coverage disclosure is to inform individuals about the quality and extent of their health insurance coverage.
Information such as the type of coverage, duration of coverage, and any limitations or exclusions must be reported on creditable coverage disclosure.
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