Page 36 - Omega Benefits Guide
P. 36

When Can You Join a Medicare Drug Plan?


               You can join a Medicare drug plan when you first become eligible for Medicare and
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               each year from October 15  to December 7 .

               However, if you lost your current creditable prescription drug coverage through no fault
               of your own, you will also be eligible for a two (2) month Special Enrollment Period
               (SEP) to join a Medicare drug plan.


                         What Happens to Your Current Coverage if You Decide to Join
                         a Medicare Drug Plan?



               If you decide to join a Medicare drug plan, your current Omega Construction, Inc.
               coverage will not be affected. The prescription drug plan option available in conjunction
               with the medical program is outlined below:

                   Prescription Drug                    Core POS                        Buy-Up PPO
                          Type:
                  Tier 1                           Deductible then $10                       $10
                  Tier 2                           Deductible then $35                       $35
                  Tier 3                           Deductible then $60                       $60
                  Tier 4                                    N/A                             $100


               If you do decide to join a Medicare drug plan and drop your current Omega
               Construction, Inc. coverage, be aware that you and your dependents will be able to get
               this coverage back at annual enrollment.










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