Medicare Part D
Medicare Part D or “Part D” is an optional program for Medicare beneficiaries to access covered prescription drugs at a lower cost. In 2022, the Inflation Reduction Act was signed, and set into motion changes to Part D benefits, with additional impact on employers in 2024 and 2025.
Group plan sponsors that provide prescription drug coverage to individuals eligible for coverage under Part D have reporting and disclosure requirements under the MMA. Part D eligible individuals are those eligible for Medicare A or B and include COBRA participants, retirees, covered spouses and dependents, and employees. Because the list of Medicare-eligible individuals is broad, many employers choose to provide all participants with a Part D notice.
Click on the links below to learn more about recent changes to Medicare Part D for 2025
Medicare Part D Creditable Coverage Whitepaper
Medicare Part D Creditable Coverage Notices (The Five W's And One H)