WGA InsureBlog

The Medicare Modernization Act (MMA) mandates that certain entities offering prescription drug coverage, including employer and union group health plan sponsors, disclose to all Medicare eligible individuals with prescription drug coverage if the current health coverage they have is “creditable.”  This information is essential to an individual’s decision whether to enroll in a Medicare Part D prescription drug plan.  MMA imposes a late enrollment penalty on individuals who do not maintain Creditable Coverage for a period of 63 days or longer following their initial enrollment period for the Medicare prescription drug benefits. Read more…