VADA's In-House Insurance Agency
Buy From Yourself!
CMS Disclosure Notice
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) added a new prescription drug program to Medicare. Regulations to implement Medicare prescription drug coverage were published January 28, 2005 (70 FR 4193). Under those provisions, most entities that currently provide prescription drug coverage to Medicare Part D eligible individuals must disclose to the Centers for Medicare & Medicaid Services (CMS) whether the coverage is “creditable prescription drug coverage” (Disclosure Notice). A disclosure is required whether the entity’s coverage is primary or secondary to Medicare.
Click here to download the CREDITABLE COVERAGE NOTICE TO CMS GUIDANCE
Click here to download the CREDITABLE COVERAGE SIMPLIFIED DETERMINATION
Need more guidance? Contact VADA Insurance Services for assistance by calling VADA at (804) 359-3578 and asking for “Insurance.” Please note that this assistance is provided as a service to all dealer-members, regardless whether the dealership use our in-house VADA Insurance Agency.
VADA's In-House Insurance Agency is a full-service agency serving all of your dealer and dealership insurance needs, including health, life, dental, voluntary benefits, and much more! As the Agency is fully owned by VADA, which in turn is fully owned by our dealer-members, when you do business with VADA you are "Buying From Yoruself"!
Contact VADA today for more information at insurance@vada.com!
