Creditable Coverage Period: Plan Year 2027
In an effort to make you aware of your health coverage options, we are providing you with important information related to your health plan coverage and Medicare prescription drug coverage. This may help you decide whether you want to join a Medicare Part D Prescription Drug Plan. If you are not currently eligible for Medicare, this is for informational purposes until such time that you or a dependent become Medicare-eligible.
We have determined that your current health plan prescription drug coverage is “creditable” under Medicare rules, which means it is, on average, expected to pay out as much as the standard Medicare Part D Prescription Drug Plan. If you are eligible for Medicare, you have these options:
Option 1: Keep your existing health plan prescription coverage subject to the eligibility provisions of the plan. If you later decide to enroll in a Medicare Part D Prescription Drug Plan, you will not have to pay an extra penalty amount.
Option 2: Drop your existing prescription drug coverage and enroll in a Medicare Part D Prescription Drug Plan. If you drop existing coverage and wait 63 days or longer before enrolling in a Medicare Part D Prescription Drug Plan, you could end up paying more each month. Note: Your current benefit plan is an integrated plan containing both prescription and medical benefits. Therefore, if you cancel your prescription drug benefits, medical benefits will also be canceled resulting in no coverage.
This year, you will have the opportunity to enroll in a Medicare Part D Prescription Drug Plan between October 15 and December 7. You may need to keep a copy of this notice to show that you do not need to pay a higher premium amount for Part D coverage. You should compare your current coverage with the coverage provided by Medicare prescription drug plans you are considering. You should compare which drugs are covered, what the coverage pays, and what the plans cost. More detailed information about Medicare plans that offer prescription drug coverage is available at www.medicare.gov, by calling 1-800- MEDICARE (1-800-633-4227) and in the “Medicare & You” handbook.
If you have a Blue Cross & Blue Shield of Mississippi Certified Agent, please contact your agent to discuss your options. If you have any questions, please contact our Customer Support Team, Monday through Friday, 8:00 a.m. to 4:30 p.m., at 601-664-4590 or 800- 942-0278. Helping you make informed healthcare decisions is one of the many reasons why now, more than ever, it’s good to be blue.
