Page 31 - Benefit Guide Twin City Gardens 11-1-20

Medicare Part D Notice: Prescription

Drug Coverage and Medicare

This notice has information about your current prescription drug When will you pay a higher premium (penalty) to join a
coverage with Twin City Gardens and your options under Medicare's Medicare Drug Plan? You should also know that if you drop or
prescription drug coverage. This information can help you decide lose your current coverage with Twin City Gardens medical plan
whether or not you want to join a Medicare drug plan. If you are and don't join a Medicare drug plan within 63 continuous days
considering joining, you should compare your current coverage, after your current coverage ends, you may pay a higher premi-
including which drugs are covered at what cost, with the coverage um (a penalty) to join a Medicare drug plan later. If you go 63
and costs of the plans offering Medicare prescription drug coverage continuous days or longer without creditable prescription
in your area. Information about where you can get help to make drug coverage, your monthly premium may go up by at least 1%
decisions about your prescription drug coverage is at the end of this of the Medicare base beneficiary premium per month for every
notice. month that you did not have that coverage. For example, if
you go nineteen months without creditable coverage, your

Please note: If you are not Medicare eligible, and none of your
premium may consistently be at least 19% higher than the
covered family members are Medicare eligible, no action is required
Medicare base beneficiary premium. You may have to pay this
on your part.
higher premium (a penalty) as long as you have Medicare pre-
There are two important things you need to know about your scription drug coverage. In addition, you may have to wait until
current coverage and Medicare's prescription drug coverage: the following October to join.
• Medicare prescription drug coverage became available in 2006 to For more information about this notice or your current
everyone with Medicare. You can get this coverage if you join a Prescription Drug Coverage: Contact your HR department for
Medicare Prescription Drug Plan or join a Medicare Advantage Plan further information, 612-781-2691. NOTE: You may receive

(like an HMO or PPO) that offers prescription drug coverage. All this notice at other times in the future such as before the next
Medicare drug plans provide at least a standard level of coverage period you can enroll in Medicare prescription drug coverage,
set by Medicare. Some plans may also offer more coverage for a and if this coverage changes. You also may request a copy.
higher monthly premium.
For more information about your options under Medicare
• Twin City Gardens has determined that the prescription drug Prescription Drug Coverage: More detailed information about
coverage offered by Twin City Gardens medical plan is, on average Medicare plans that offer prescription drug coverage is in the
for all plan participants, expected to pay out as much as standard "Medicare & You" handbook. You'll get a copy of the handbook
Medicare prescription drug coverage pays and is therefore UNITED in the mail every year from Medicare. You may also be
HEALTHCARE is considered Creditable Coverage. Because your ex- contacted directly by Medicare drug plans.
isting coverage is Creditable Coverage, you can keep this coverage
For more information about Medicare prescription drug
and not pay a higher premium (a penalty) if you later decide to
coverage:
join a Medicare drug plan.
• Visit www.medicare.gov.
When can you join a Medicare Drug Plan? You can join a Medicare
drug plan when you first become eligible for Medicare and each • Call your State Health Insurance Assistance Program (see the
year from October 15 through December 7. However, if you lose inside back cover of your copy of the "Medicare & You"
your current creditable prescription drug coverage, through no fault handbook for their telephone number) for personalized help.
of your own, you will also be eligible for a two (2) month Special
• Call 1-800-MEDICARE (1-800-633-4227). TTY users should call
Enrollment Period (SEP) to join a Medicare drug plan.
1-877-486-2048.
What happens to your current coverage if you decide to join a
If you have limited income and resources, extra help paying for

Medicare Drug Plan? If you decide to join a Medicare drug plan,
Medicare prescription drug coverage is available. For
your current Twin City Gardens medical coverage will not be affect- information about this extra help, visit Social Security on the
ed. Participants may keep this coverage if they elect Part D and this web at www.socialsecurity.gov, or call them at 1-800-772-1213
plan will coordinate with Part D coverage. If you decide to join a (TTY 1-800-325-0778).
Medicare drug plan and drop your current Twin City Gardens
medical plan coverage, be aware that you and your dependents will
NOT be able to get this coverage back.
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