The first reporting requirement we addressed was the grandfathered disclosure statement. Let’s now focus on the second reporting requirement we are highlighting: Creditable Drug Coverage.
As details of health reform begin to unfold, it is evident that employers will be burdened with additional reporting and disclosure requirements to both their employees and the government. One example already addressed in the blog is the inclusion of health benefits in the employee’s Form W-2. There are three additional reporting requirements we will highlight and address in separate articles: grandfathered disclosure statement, CHIPRA, and Creditable Drug Coverage.