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Part D Overview Retiree Drug Subsidy PDP Wrap Endorsed PDP Group Sponsored PDP Registration About Us

Endorsed PDP

DESCRIPTION

Group encourages enrollment into "endorsed" Prescription Drug Plan (PDP)'s individual plan(s). Group may choose to pay Medicare Part D premiums.

QUESTIONS TO CONSIDER
  • Are you currently funding Retiree benefits?
  • Do you want to continue existing Retiree coverage?
  • Are you required to make a financial commitment to Retiree benefits?
  • Do you intend to make any premium contributions?
RETIREE DISRUPTION
  • Part D coverage not the same as existing coverage
  • Change in coverage may cause disruption
  • No group enrollment if sponsor is not paying the premium
COST SAVINGS
  • Minimal financial commitment
  • Groups can pay premiums on behalf of Retirees
ADMINISTRATIVE BURDEN
  • No administrative functions related to providing drug coverage
  • Group enrollment allowed if sponsor is paying the premium
  • Groups must communicate that Retirees are responsible for individually enrolling in Part D (if the sponsor is not paying premiums)
  • Sponsors must communicate that premium payment is contingent on joining the endorsed PDP
GROUP SPONSOR SHOULD CONSIDER IF:
  • Group is not currently making significant contribution to Retiree benefit
  • Group can accept a change in Retirees' existing coverage
  • Group can accept some disruption
  • Group is considering dropping Retiree drug coverage