Page 30 - Jones and Frank Benefits Enrollments Guide
P. 30

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 Jones & Frank 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                            Buy-Up
                          Type:
                  Tier 1                                    $10                              $20
                  Tier 2                                   $100                              $65
                  Tier 3                                   $175                             $100
                  Tier 4                                   $250                              N/A


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










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