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CREDITABLE COVERAGE DISCLOSURE NOTICE For Calendar Year 2009 To Retirees, Spouses, Same-Sex Domestic Partners, Surviving Spouses, and Dependents Who Are Covered Under the Consolidated Edison Retiree
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What is model beneficiary creditable coverage?
Model beneficiary creditable coverage refers to a standardized form used to report prescription drug coverage to the Centers for Medicare and Medicaid Services (CMS). It helps CMS determine if the coverage provided by an employer-sponsored health insurance plan is comparable to the standard Medicare Part D prescription drug coverage.
Who is required to file model beneficiary creditable coverage?
Employers or plan sponsors offering prescription drug coverage to Medicare-eligible individuals are required to file model beneficiary creditable coverage with CMS.
How to fill out model beneficiary creditable coverage?
Model beneficiary creditable coverage can be filled out by following the instructions provided by CMS. The form requires information such as the plan sponsor's name, plan year, group number, and details about the prescription drug coverage offered.
What is the purpose of model beneficiary creditable coverage?
The purpose of model beneficiary creditable coverage is to provide CMS with information about the prescription drug coverage offered by employer-sponsored health insurance plans. This information helps CMS determine if the coverage is creditable, meaning it is at least as good as the standard Medicare Part D prescription drug coverage.
What information must be reported on model beneficiary creditable coverage?
The model beneficiary creditable coverage form requires information such as the plan sponsor's name, plan year, group number, the type of coverage provided, and the number of Medicare-eligible individuals covered by the plan.
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