Determining whether your plan meets Medicare’s creditable coverage compliance requirements may seem straightforward but can lead to significant consequences for employees’ cost of coverage long term if done incorrectly. Employers offering prescription drug coverage must meet annual notification and reporting requirements to avoid potential lifetime penalties for Medicare-eligible plan participants.
Lumelight takes the complexity out of compliance. Our experts combine up-to-date regulatory knowledge with purpose-built tools to guide employers through their annual creditability determinations, issuing timely notices and additional compliance requirements for CMS reporting. With Lumelight, staying compliant is no longer a scramble but a standard.
