Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D must meet two requirements per Centers for Medicare and Medicaid Services (CMS) guidelines to maintain compliance: 1) notify CMS and 2) notify members of creditable coverage status.
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D must meet two requirements per Centers for Medicare and Medicaid Services (CMS) guidelines to maintain compliance: 1) notify CMS and 2) notify members of creditable coverage status.
What is the PCORI Fee?
The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees were originally scheduled to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019. In a bill recently signed by the President, the PCORI fee has been extended through fiscal year 2029 and all non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.
