What should you do if you have drug coverage through an employer or union and will also get the extra help with your drug costs?:QuickMedicareSupplement.com

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What should you do if you have drug coverage through an employer or union and will also get the extra help with your drug costs?

What should you do if you have drug coverage through an employer or union and will also get the extra help with your drug costs?

If you have drug coverage through an employer or union and will also get the extra help paying for your drug costs, speak to your employer/union or the benefits administrator of your employer or union health insurance coverage. You may not require both Medicare drug coverage and your present drug coverage. Compare how much your costs are with your existing drug coverage to what your costs will be with Medicare drug coverage and the extra help. If you drop your current employer or union coverage, you may not be able to get it back.

If you had Medicaid drug coverage:

If you did not join a Medicare drug plan yourself, Medicare enrolled you in a plan, even if you also have drug coverage through an employer, union, TRICARE, VA, or FEHB.

If you do not want to be enrolled into a Medicare drug plan, you must choose out of (decline) Medicare drug coverage so you are not auto-enrolled into a different plan.

If you do want to be enrolled into a Medicare drug plan, you have to to see how it will have an effect on your present coverage. In a few cases, employers or unions have rules that say you cannot have both a Medicare drug plan and your employer/union plan. Your existing coverage may end for you and your dependents. It is essential that you talk to your employer/union or the benefits administrator of your current coverage prior to making any decisions.

You will not be auto-enrolled in a Medicare drug plan if your employer or union is claiming you for the retiree drug subsidy. (Medicare is offering this subsidy to employers and unions to give them confidence to keep providing high quality prescription coverage.)

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