NWtech is providing this page to
assist you in your understanding
of Medicare Part D as it relates
to coverage under NWtech.
Employers and Plan
Administrators should consult
with their employment law or
employee benefits counsel on
compliance with Medicare Part D
notice requirements.
Starting January 1, 2006,
Medicare began offering
insurance coverage for
prescription drugs through
Medicare prescription drug plans
and other health plan options.
It has been determined that
prescription drug coverage with
NWtech is, on average for all
plan participants, expected to
pay out as much as the standard
Medicare prescription drug
coverage will pay.
Because the coverage under
NWtech is at least as good as
standard Medicare prescription
drug coverage, Medicare-eligible
enrollees that have prescription
drug coverage through NWtech,
may keep this coverage and not
pay extra if they later decide
to enroll in Medicare coverage.
CMS (Centers for Medicare &
Medicaid Services) announced
reporting requirements for
employers sponsoring healthcare
coverage which includes
prescription drug coverage for
their employees. Please
reference the chart below for
notifications sent on behalf of
NWtech.
Description
Notice
2009
Member Notice
In November 2009
all creditable coverage
notices were mailed to
Medicare-eligible group
plan members.
Notification also
includes members who
would reach age 65
before December 31,
2010.
