RDS

  • Brand New RDS Services Linkedin Group

    10 December 2010 / ERRP, RDS / 0 Comment

     RDS Services is excited to announce that we have established a brand new account on Linkedin.com. For quick updates about what is going on with the Early Retiree Reinsurance Program and the Retiree Drug Subsidy Program, please click the LinkedIn "IN" link in the upper right-hand corner and sign up. We hope that you take advantage of the quick updates and beneficial information we will be posting.

  • Is your Organization Ready for RDS Reconciliation?

    15 October 2010 / RDS / 1 Comment

     

    Reconciliation 

    The purpose of the RDS Reconciliation process is to report actual total gross retiree prescription drug costs including actual rebates and price concession data for a specific Application year. It’s important to remember that for every Application year you receive subsidy there comes an obligation to complete a final Reconciliation for that year. This Reconciliation requires a final reporting of all eligibility, claims, and rebate information and must be completed no later than 15 months after the end of each Application year.  If the 12 steps of reconciliation are not completed within 15 months, all RDS amounts paid to the Plan Sponsor, for that particular application, will be considered an overpayment and CMS will institute proceedings to recover such amounts. 

    When should plan sponsors start Reconciliation?

    For example, if your 2009 application is a calendar year application, the deadline for Reconciliation is March 31, 2011. You should begin soon and no later than December.

    A few critical  steps are  explained in more detail below Read more

  • RDS Creditable Coverage – What You Need To Know

    14 October 2010 / RDS / 0 Comment

    Creditable Coverage Disclosure to Medicare Part D Eligible Individuals

    MMA (Medicare Prescription Drug, Improvement, and Modernization Act of 2003) mandates that employers offering prescription drug coverage disclose to all Medicare Part D eligible individuals whether such coverage is "creditable." This information is essential to an individual's decision whether to enroll in a Medicare Part D prescription drug plan.

    Disclosure of whether prescription drug coverage is “creditable” provides Medicare Part D eligible individuals with important information relating to their Medicare Part D enrollment.  Those individuals who are not covered under a creditable prescription drug plan and who choose not to enroll in a Part D plan when they become eligible may pay a higher premium on a permanent basis if they subsequently enroll in a Part D plan.

    Please find the modal creditable and non-creditable coverage disclosure notices at https://www.cms.hhs.gov/CreditableCoverage/  under “Creditable Coverage” located on the left side of the website, then by clicking on the “Creditable Coverage Guidance and Model Disclosure Model Disclosure Notices to be used after February 15, 2007” link. Read more

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