On April 1, 2011, the Centers for Medicare and Medicaid Services (CMS) issued revised Medicare Part D creditable and non-creditable coverage notices to reflect an amendment made to the Social Security Act by the Affordable Care Act (ACA).
The final legislation achieves this offset by requiring larger repayments of excess “federal assistance credits” received by individuals who purchase health coverage through one of the ACA’s state-wide “Exchanges.”
As a part of the recent compromise allowing for passage of a federal budget for the fiscal year ending September 30, 2011, congressional Republicans succeeded in repealing a significant provision of last year’s Affordable Care Act (ACA).
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