Employers can use the newly updated spreadsheet calculator to verify if a self-funded plan, administered by Star Marketing and Administration, Inc., provides creditable prescription drug coverage to Medicare-eligible individuals for 2023 by entering their health plan information, including:

• Plan type
• In-network individual deductible
• In-network coinsurance
• In-network individual out-of-pocket limit
• Prescription benefit
• Prescription deductible

Employers must provide a written disclosure notice to all Medicare-eligible individuals covered under their prescription drug plan prior to Oct. 15 each year and at various times in accordance with federal regulations, including notice to a Medicare-eligible individual when he/she joins the plan. Learn more at www.cms.gov.

The Medicare Part D Calculator is available to employers by logging in at TrustmarkSB.com/login > Administration > Administration Kit.