(a)
When CMS makes a contract determination under § 423.641, it gives the PDP sponsor written notice.
(b)
The notice specifies the—
(1)
Reasons for the determination; and
(2)
The Part D sponsor's right to request a hearing.
(c) CMS-initiated terminations—
(1) General rule.
Except as provided in (c)(2) of this section, CMS mails notice to the Part D plan sponsor 90 calendar days before the anticipated effective date of the termination.
(2) Exception.
If a contract is terminated in accordance with § 423.509(b)(2)(i) of this part, CMS notifies the Part D plan sponsor of the date that it will terminate the Part D plan sponsor's contract.
(d)
When CMS determines that it will not authorize a contract renewal, CMS mails the notice to the Part D sponsor by August 1 of the current contract year.
[70 FR 4525, Jan. 28, 2005, as amended at 72 FR 68733, Dec. 5, 2007; 75 FR 19823, Apr. 15, 2010]