Each year, ALL employers that offer health insurance plans to Medicare Part D eligible employees are required to notify them of their group plan’s pharmacy creditability or non-creditability. Employers must also notify CMS directly. Read more here regarding the various deadlines.
As an example, most PPO/HMO Copay-based plans that offer pharmacy copays before any deductible must be satisfied are often considered creditable. Most high deductible H.S.A. type plans are non-creditable due to how their pharmacy programs require the medical deductible be satisfied first. Please ask your broker for more details about your specific plan.
Visit the CMS website for more details.