Corporate Benefits Compliance & Resource Library
2026
Premium Assistance Under Medicaid and the
Children’s Health Insurance Program (CHIP)
(August, 2026)
The Department of Labor (DOL) periodically updates their Employer Chip Notice, and we would like to share information that is current as of July 31, 2026.
As a reminder, employers with group health plans that cover participants in states that provide premium assistance subsidies through Medicaid or the Children’s Health Insurance Program (CHIP) are required to notify their employees annually, regardless of the employer’s location.
If you have any employees that reside in a state that provides premium assistance subsidies through Medicaid or CHIP, please use this link to disclose the notification to your employees.
The DOL’s model notice, which employers may use for this disclosure, reflects changes in the states that offer premium assistance subsidies, as well as the contact information for those states. If you need additional detail on the 2026 employer CHIP notices, please click here for more information.
As always, please do not hesitate to reach out to your Brooks Financial Group team with any questions.
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Action Required: Medicare Part D Notice of Credible Coverage
(August 2026)
As part of our ongoing commitment to your benefits administration, we’re reaching out to remind you about the Medicare Part D Notice of Credible Coverage, a key component in keeping your company compliant with federal regulations.
What is the Medicare Part D Notice of Credible Coverage?
The Medicare Part D Notice of Credible Coverage is a crucial document that informs Medicare-eligible employees and dependents whether their current employer sponsored health plans prescription drug coverage is expected to pay, on average, as much as the standard Medicare prescription drug coverage (meaning it is considered "credible" compared to Medicare Part D standards). This ensures employees and their dependents can make informed decisions about their Medicare prescription drug options without facing penalties. Creditable Coverage Disclosure Notices must be distributed to your Medicare-eligible employees and dependents prior to October 15th, 2026.
In addition to employee and dependent notifications, employers are required to complete the online CMS disclosure form to report the creditable coverage status of their sponsored prescription drug plan. The employer disclosure should be completed annually no later than 60 days from the beginning of a new plan year, within 30 days after termination of a prescription drug plan, or within 30 days after any change in creditable coverage status.
Action Items for You
1. Review the Notice Requirements:
- Click here to review the Medicare Part D Credible Coverage requirements.
2. Distribute the Employee Notice:
- Make sure all Medicare-eligible employees and dependents receive the notice. This can be done via mail, email, or during an employee meeting.
- Download a sample Notice of Credible Coverage template. You can input your specific information and use for your requirement.
3. Complete the online employer disclosure:
If you have questions about the Medicare Part D Notice of Credible Coverage, please do not hesitate to contact your Brooks Financial Group advisor. Thank you.
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Learn About Maryland FAMLI Legislation
(August 2026)
Maryland FAMLI Legislation is important to us all. Using the link below, listen to a recording of our August 6th webinar on the subject.
2026 Webinar - Maryland FAMLI Legislation: What Employers Need to Know
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Important Employee Compliance Notices for 2026
To help you prepare for the new year, we would like to share some important compliance notifications.
2026 Employee Compliance Notices (for companies with 2-49 employees)
2026 Employee Compliance Notices (for companies with 50 or more employees)
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