Page 16 - Goodwill 2021 Annual Benefits Enrollment
P. 16
Goodwill Industries
Annual Notices
Important Notice From Goodwill What Happens to Your Current Coverage if
About Your Prescription Drug You Decide to Join a Medicare Drug Plan?
Coverage and Medicare If you decide to join a Medicare drug plan, your current
Goodwill coverage will not be afected. If you do decide to
Please read this notice carefully and keep it where you can ind join a Medicare drug plan and drop your current Goodwill
it. This notice has information about your current prescription coverage, be aware that your dependents will not be able
drug coverage with Goodwill and about your options under to get this coverage back until the next enrollment period
Medicare’s prescription drug coverage. This information can unless you experience a qualiied life event. Note that your
help you decide whether or not you want to join a Medicare current coverage pays for other health expenses in addition to
drug plan. If you are considering joining, you should compare prescription drugs, and you will still be eligible to receive all of
your current coverage, including which drugs are covered at your current health and prescription drug beneits if you choose
what cost, with the coverage and costs of the plans ofering to enroll in a Medicare prescription drug plan and keep your
Medicare prescription drug coverage in your area. Information coverage under the Goodwill Plan.
about where you can get help to make decisions about your
prescription drug coverage is at the end of this notice. When Will You Pay a Higher Premium
There Are Two Important Things You Need (Penalty) to Join a Medicare Drug Plan?
to Know About Your Current Coverage and You should also know that if you drop or lose your current
Medicare’s Prescription Drug Coverage: coverage with Goodwill and don’t join a Medicare drug plan
Medicare prescription drug coverage became available in within 63 continuous days after your current coverage ends,
you may pay a higher premium (a penalty) to join a Medicare
2006 to everyone with Medicare. You can get this coverage drug plan later. If you go 63 continuous days or longer without
if you join a Medicare Prescription Drug Plan or join a creditable prescription drug coverage, your monthly premium
Medicare Advantage Plan (like an HMO or PPO) that ofers may go up by at least 1% of the Medicare base beneiciary
prescription drug coverage. All Medicare drug plans provide premium per month for every month that you did not have
at least a standard level of coverage set by Medicare. that coverage. For example, if you go nineteen months without
Some plans may also ofer more coverage for a higher creditable coverage, your premium may consistently be at least
monthly premium. 19% higher than the Medicare base beneiciary premium. You
Goodwill has determined that the prescription drug may have to pay this higher premium (a penalty) as long as
coverage ofered by BCBS of Tennessee is, on average you have Medicare prescription drug coverage. In addition, you
for all plan participants, expected to pay out as much as may have to wait until the following October to join.
standard Medicare prescription drug coverage pays and is
therefore considered creditable coverage. Because your For More Information About This Notice or
existing coverage is Creditable Coverage, you can keep this Your Current Prescription Drug Coverage
coverage and not pay a higher premium (a penalty) if you Contact the person listed below for further information. NOTE:
later decide to join a Medicare drug plan. You will get this notice each year. You will also get it before
When Can You Join a Medicare Drug Plan? the next period you can join a Medicare drug plan, and if this
coverage through Goodwill changes. You also may request a
You can join a Medicare drug plan when you irst become copy of this notice at any time.
eligible for Medicare and each year from October 15th to
December 7th. If you lose your current creditable prescription
drug coverage through no fault of your own you will also be
eligible for a two month special enrollment period to join a
Medicare drug plan.
16
Annual Notices
Important Notice From Goodwill What Happens to Your Current Coverage if
About Your Prescription Drug You Decide to Join a Medicare Drug Plan?
Coverage and Medicare If you decide to join a Medicare drug plan, your current
Goodwill coverage will not be afected. If you do decide to
Please read this notice carefully and keep it where you can ind join a Medicare drug plan and drop your current Goodwill
it. This notice has information about your current prescription coverage, be aware that your dependents will not be able
drug coverage with Goodwill and about your options under to get this coverage back until the next enrollment period
Medicare’s prescription drug coverage. This information can unless you experience a qualiied life event. Note that your
help you decide whether or not you want to join a Medicare current coverage pays for other health expenses in addition to
drug plan. If you are considering joining, you should compare prescription drugs, and you will still be eligible to receive all of
your current coverage, including which drugs are covered at your current health and prescription drug beneits if you choose
what cost, with the coverage and costs of the plans ofering to enroll in a Medicare prescription drug plan and keep your
Medicare prescription drug coverage in your area. Information coverage under the Goodwill Plan.
about where you can get help to make decisions about your
prescription drug coverage is at the end of this notice. When Will You Pay a Higher Premium
There Are Two Important Things You Need (Penalty) to Join a Medicare Drug Plan?
to Know About Your Current Coverage and You should also know that if you drop or lose your current
Medicare’s Prescription Drug Coverage: coverage with Goodwill and don’t join a Medicare drug plan
Medicare prescription drug coverage became available in within 63 continuous days after your current coverage ends,
you may pay a higher premium (a penalty) to join a Medicare
2006 to everyone with Medicare. You can get this coverage drug plan later. If you go 63 continuous days or longer without
if you join a Medicare Prescription Drug Plan or join a creditable prescription drug coverage, your monthly premium
Medicare Advantage Plan (like an HMO or PPO) that ofers may go up by at least 1% of the Medicare base beneiciary
prescription drug coverage. All Medicare drug plans provide premium per month for every month that you did not have
at least a standard level of coverage set by Medicare. that coverage. For example, if you go nineteen months without
Some plans may also ofer more coverage for a higher creditable coverage, your premium may consistently be at least
monthly premium. 19% higher than the Medicare base beneiciary premium. You
Goodwill has determined that the prescription drug may have to pay this higher premium (a penalty) as long as
coverage ofered by BCBS of Tennessee is, on average you have Medicare prescription drug coverage. In addition, you
for all plan participants, expected to pay out as much as may have to wait until the following October to join.
standard Medicare prescription drug coverage pays and is
therefore considered creditable coverage. Because your For More Information About This Notice or
existing coverage is Creditable Coverage, you can keep this Your Current Prescription Drug Coverage
coverage and not pay a higher premium (a penalty) if you Contact the person listed below for further information. NOTE:
later decide to join a Medicare drug plan. You will get this notice each year. You will also get it before
When Can You Join a Medicare Drug Plan? the next period you can join a Medicare drug plan, and if this
coverage through Goodwill changes. You also may request a
You can join a Medicare drug plan when you irst become copy of this notice at any time.
eligible for Medicare and each year from October 15th to
December 7th. If you lose your current creditable prescription
drug coverage through no fault of your own you will also be
eligible for a two month special enrollment period to join a
Medicare drug plan.
16
