Page 22 - Florida Aquarium Benefits-at-a-Glance Guide 2022-2023

Required Annual Employee Disclosure Notices - Continued

Required Annual Employee Disclosure Notices

MEDICARE PART D When will you pay a higher premium (penalty) to join a Medicare drug
Plan?
This notice applies to employees and covered dependents who are
You should also know that if you drop or lose your current coverage with
eligible for Medicare Part D.
Humana and don’t join a Medicare drug plan within 63 continuous days
Please read this notice carefully and keep it where you can find it. after your current coverage ends, you may pay a higher premium (a
This notice has information about your current prescription drug penalty) to join a Medicare drug plan later.
coverage with Humana and about your options under Medicare’s If you go 63 continuous days or longer without creditable prescription
prescription drug Plan. If you are considering joining, you should drug coverage, your monthly premium may go up at least 1% of the
compare your current coverage including which drugs are covered Medicare base beneficiary premium per month for every month that you
at what cost, with the coverage and costs of the plans offering did not have that coverage. For example, if you go nineteen months
Medicare prescription drug coverage in your area. Information without creditable coverage,
about where you can get help to make decisions about your
your premium may consistently be at least 19% higher than the
prescription drug coverage is at the end of this notice.
Medicare base beneficiary premium. You may have to pay this higher
1. Medicare prescription drug coverage became available in premium (a penalty) as long as you have Medicare prescription drug
2006 to everyone with Medicare through Medicare coverage. In addition, you may have to wait until the following October
prescription drug plans and Medicare Advantage Plan (like to join.
an HMO or PPO) that offer prescription drug coverage. All For more information about this notice or your current prescription
Medicare prescription drug plans provide at least a standard drug coverage…
level of coverage set by Medicare. Some plans may also offer
more coverage for a higher monthly premium. Contact our office for further information (see contact information
below). NOTE: You’ll get this notice each year. You will also get it before
2. Humana has determined that the prescription drug the next period you can join a Medicare drug plan, and if this coverage
coverage offered by the Welfare Plan for Employees of The through Humana changes. You also may request a copy of this notice at
Florida Aquarium under the Humana option are, on average any time.
for all plan participants, expected to pay out as much as the For more information about your options under Medicare prescription
standard Medicare prescription drug coverage pays and is
drug coverage…
therefore considered Creditable Coverage. Because your
existing coverage is Creditable Coverage, you can keep this More detailed information about Medicare plans that offer prescription
coverage and not pay a higher premium (a penalty) if you drug coverage is in the “Medicare & You” handbook. You’ll get a copy of
later decide to join a Medicare drug plan. the handbook in the mail every year from Medicare. You may also be
contacted directly by Medicare drug plans. For more information about
You should also know that if you drop or lose your coverage with Medicare prescription drug coverage:
Humana and don’t enroll in Medicare prescription drug coverage
• Visit www.medicare.gov
after your current coverage ends, you may pay more (a penalty) to
enroll in Medicare prescription drug coverage later. • Call your State Health Insurance Assistance Program (see your
_______________________________________________________ copy of the Medicare & You handbook for their telephone
number) for personalized help,
When can you join a Medicare Drug Plan?
• Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-
You can join a Medicare drug plan when you first become eligible 877-486-2048.
th
th
for Medicare and each year from October 15 to December 7 .
If you have limited income and resources, extra help paying for
However, if you lose your current creditable prescription drug Medicare prescription drug coverage is available. For information about
coverage, through no fault of your own, you will also be eligible for this extra help, visit Social Security on the web at
a two (2) month Special Enrollment Period (SEP) to join a Medicare www.socialsecurity.gov, or call them at 1-800-772-1213 (TTY 1-800-325-
drug plan. 0778).
What happens to your current coverage if you decide to join a
Medicare Drug Plan?
Remember: Keep this notice. If you enroll in one of the new plans
If you decide to join a Medicare drug plan, your current Humana approved by Medicare which offer prescription drug coverage, you may
coverage will not be affected. You can keep this coverage if you be required to provide a copy of this notice when you join to show that
elect part D and this plan will coordinate with Part D coverage. you are not required to pay a higher premium amount.
If you decide to join a Medicare drug plan and drop your current Date: 7/1/22
Humana coverage, be aware that you and your dependents will be Name of Entity/Sender: The Florida Aquarium
able to get this coverage back. Contact--Position/Office: Kelly Curington
701 Channelside Drive
Tampa, FL 33602
Phone Number: 813-367-4046

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