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Article: Next steps for plan sponsors contemplating Medicare Part D.
- Article from:
- Employee Benefit News
- Article date:
- June 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The initial open enrollment period for Medicare Part D ended May 15, 2006. Throughout this period, plan sponsors have faced questions from Medicare-eligible beneficiaries and their relatives about how the plan's retiree health benefits interact with Medicare's benefits. Now, plan sponsors need to begin thinking about their 2007 benefit plan design and how best to coordinate with the new Medicare program.
The Centers for Medicare & Medicaid Services (CMS) issued guidance in December 2005 on group health plan coverage and Medicare and Medicaid eligibility that may help plan sponsors address the needs of their low-income participants and families. Further, the ...