Page 27 - 1800Flowers 2022 Benefits Guide

Glossary of Important Benefits Terms Legal Notices

Creditable Coverage Disclosure Notice Medicare’s standard prescription drug plan supplements group health
benefits at the catastrophic (95 percent of total payment) level is
Important Notice from 1-800-Flowers Team Services, Inc. About Your Prescription extended or possibly never reached; or
Drug Coverage and Medicare 3. Enroll in a Medicare prescription drug plan and discontinue your
Please read this notice carefully and keep it where you can find it. This 1-800-Flowers Team Services health coverage (Medical and
notice has information about your current prescription drug coverage with Prescription Drug). Be aware that if you elect this option, your next
1-800-Flowers Team Services, Inc. and about your options under Medicare’s opportunity to enroll in 1-800-Flowers Team Services’ health coverage
prescription drug coverage. This information can help you decide whether is January 1st of the following year, unless you meet special enrollment
or not you want to join a Medicare drug plan. If you are considering joining, requirements (e.g. marriage, divorce, newborn, loss of coverage
you should compare your current coverage, including which drugs are through spouse’s employer, etc). If you meet the requirements, you
covered at what cost, with the coverage and costs of the plans offering may be able to re-enroll yourself and your dependent(s), provided
Medicare prescription drug coverage in your area. Information about where that you request enrollment within 30 days after the event. When
you can get help to make decisions about your prescription drug coverage is considering this option, you should compare your current coverage,
at the end of this notice. including which drugs are covered, with the coverage and cost of the
plans offering Medicare prescription drug coverage in your area.
There are two important things you need to know about your current
coverage and Medicare’s prescription drug coverage: If you decide to join a Medicare drug plan, your current 1-800-Flowers Team
Services coverage will not be affected.
1. Medicare prescription drug coverage became available in 2006
to everyone with Medicare. You can get this coverage if you join a If you decide to join a Medicare drug plan and drop your current
Medicare Prescription Drug Plan or join a Medicare Advantage Plan 1-800-Flowers Team Services Coverage (Option #3), be aware that you and
(like an HMO or PPO) that offers prescription drug coverage. All your dependents may not be able to get this coverage back.
Medicare drug plans provide at least a standard level of coverage set When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan?
by Medicare. Some plans may also offer more coverage for a higher
monthly premium. You should also know that if you drop or lose your current coverage with
1-800-Flowers Team Services and don’t join a Medicare drug plan within
2. 1-800-Flowers Team Services has determined that the prescription 63 continuous days after your current coverage ends, you may pay a higher
drug coverage offered by its medical plans through Anthem are, on premium (a penalty) to join a Medicare drug plan later.
average for all plan participants, expected to pay out as much as
standard Medicare prescription drug coverage pays and is therefore If you go 63 continuous days or longer without creditable prescription
considered Creditable Coverage. Because your existing coverage is drug coverage, your monthly premium may go up by at least 1% of the
Creditable Coverage, you can keep this coverage and not pay a higher Medicare base beneficiary premium per month for every month that you
premium (a penalty) if you later decide to join a Medicare drug plan. did not have that coverage. For example, if you go nineteen months without
creditable coverage, your premium may consistently be at least 19% higher
When Can You Join A Medicare Drug Plan? than the Medicare base beneficiary premium. You may have to pay this
You can join a Medicare drug plan when you first become eligible for higher premium (a penalty) as long as you have Medicare prescription
Medicare and each year from October 15th to December 7th. drug coverage. In addition, you may have to wait until the following October
to join.
However, if you lose your current creditable prescription drug coverage,
through no fault of your own, you will also be eligible for a two (2) month For More Information About This Notice Or Your Current Prescription Drug Coverage…
Special Enrollment Period (SEP) to join a Medicare drug plan. Contact the 1-800-FLOWERS.COM, Inc. Benefits Team at 516-237-4150 or
What Happens To Your Current Coverage If You Decide to Join A Medicare Drug Plan? email benefits@1800flowers.com.
You have the following options. No action is required when selecting NOTE: You’ll get this notice each year. You will also get it before the next
Option #1. period you can join a Medicare drug plan, and if this coverage through
1-800-Flowers Team Services changes. You also may request a copy of this
1. Keep your existing coverage through 1-800-Flowers Team Services and notice at any time.
do not enroll in a Medicare prescription drug plan; or
For More Information About Your Options Under Medicare Prescription
2. Enroll in a Medicare prescription drug plan in which case the Medicare Drug Coverage…
prescription drug coverage will be supplemental to the prescription
drug coverage provided by 1-800-Flowers Team Services. In making More detailed information about Medicare plans that offer prescription drug
your decision, you should consider the extra premium that you may coverage is in the “Medicare & You” handbook. You’ll get a copy of the
pay and that prescription drug claims paid by this plan do not count handbook in the mail every year from Medicare. You may also be contacted
as true out-of-pocket expenses. This means that the point at which directly by Medicare drug plans.
For more information about Medicare prescription drug coverage:

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