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Showing posts with the label Medicare Part D

October 2025 Benefits Buzz: ACA pay-or-play update and more!

Welcome to the October edition of Benefits Buzz! In this issue, we dive into the latest topics related to employee benefits, wellness programs and ever-evolving workplace dynamics. Stay informed and gain insights that help you make the most of your benefits package.  This month's highlights  Topic #1: Medicare Part D notices were due Oct. 15.  Topic #2: ACA pay-or-play penalties will increase for 2026  Download the full story  For an in-depth look at this month's topics, download the PDF below. Dive deeper into the advice and guidance that can help you leverage your organization’s benefits to their fullest potential. Don't miss out on valuable insights that could improve your professional and personal life.  [Download the Full Story PDF]   Stay informed, stay empowered and make the most of your benefits with Benefits Bu...

2026 Medicare Part D notices and creditable coverage changes checklist

Reminder: Oct. 15 deadline   The deadline to distribute Part D notices and the extended Form 5500 filing deadline for calendar year plans is Oct. 15. This deadline applies to employers with group health plans that provide prescription drug coverage and those with calendar year employee benefit plans that previously requested an extension of time to file their Form 5500, respectively.  [Get information on the Oct.15 deadline] Checklist to prepare for Medicare Part D creditable cover changes  The Inflation Reduction Act of 2022 brought significant changes to Medicare Part D plans, which will affect the creditable coverage status of employer-sponsored prescription drug coverage for 2026.   This checklist is designed to help employers understand the implications of the new creditable coverage methodologies, assess their current plan’s creditable coverage status and identify necessary adjustments to comply with federal requirements and support their Part D-eligible p...