The (in)Creditable Blog
Stay ahead of compliance requirements and protect your employees from costly penalties. Our blog provides simple, actionable insights on determining Medicare Part D creditable coverage, avoiding common mistakes, meeting deadlines, and enhancing your employee benefits package.
Understanding Part D Creditable Coverage: A Simple Guide
Understanding Part D Creditable Coverage: A Guide for Employers
Medicare Part D offers important prescription drug coverage, but understanding the concept of "creditable coverage" is essential for both employers and employees. If a plan isn’t creditable, employees could face costly late enrollment penalties when they move to Medicare. In this post, we explain what Part D creditable coverage is, why it’s critical for employers to verify it annually, and how using tools like our Part D Credibility platform can simplify the process and ensure compliance.