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Guest Article
(From the September 11, 2006 issue of Deloitte's Washington Bulletin, a periodic update of legal and regulatory developments relating to Employee Benefits.)
Filing Date Nears for Medicare Part D Retiree Subsidy for PY Ending in 2007
Amazing as it may seem, the filing deadline for employers seeking the Medicare Retiree Part D Subsidy (RDS) for plan years ending in 2007 is nearing. Employers seeking the RDS must submit their applications at least 90 days prior to the beginning of the plan year (by October 2 for a plan beginning on January 1, 2007). A 30 day extension is available, but only if applied for prior to the beginning of this 90 day period. (Recall that last year RDS applications could be filed as late as October 31, 2005, but only because CMS gave all filers an extra 30 day extension.)
CMS gives the following example of the rule that will apply for 2007 plan years ...
An application extension must be requested no later than 90 days prior to the beginning of the plan benefit year. For example, a Plan Year with a start date of April 1, 2007 and end date of March 31, 2008 would need an extension request submitted no later than midnight, December 31, 2006, for a thirty-day application submission extension to January 31, 2007. |
Applications must be made electronically to CMS by the plan's authorized representative, account manager or authorized designee on the RDS Website.
| The information in this Washington Bulletin is general in nature only and not intended to provide advice or guidance for specific situations.
If you have any questions or need additional information about articles appearing in this or previous versions of Washington Bulletin, please contact: Robert Davis 202.879.3094, Elizabeth Drigotas 202.879.4985, Taina Edlund 202.879.4956, Laura Edwards 202.879.4981, Mike Haberman 202.879.4963, Stephen LaGarde 202.879-5608, Bart Massey 202.220.2104, Martha Priddy Patterson 202.879.5634, Tom Pevarnik 202.879.5314, Carlisle Toppin 202.220.2067, Tom Veal 312.946.2595, Deborah Walker 202.879.4955. Copyright 2006, Deloitte. |
BenefitsLink is an independent national employee benefits information provider, not formally affiliated with the firms and companies who kindly provide much of the content and advertisements published on this Web site, including the article shown above. |