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Each year, Medicare-eligible individuals can take advantage of an open enrollment period running from October 15th through December 7th. Employers that sponsor group health plans must provide a disclosure notice to Medicare-eligible employees prior to the start of the Medicare open enrollment period each year. This year, those notices must be distributed no later than October 14, 2021.
Below is a brief overview of what your organization needs to do to meet this compliance requirement.
Please be sure to review the CMS’ website for additional guidelines regarding electronic notification requirements.
If you have any questions, please reach out to a member of our Employee Benefits department.
This is not intended to be exhaustive nor should any discussion or opinions be construed as legal or tax advice. Readers should contact their legal counsel and/or tax advisor for guidance.