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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