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Group Options
1. If our group currently offers a prescription coverage to retirees, what are the
options under Medicare Part D?
- Make
no changes to current prescription coverage.
- Cancel
coverage for prescription drug benefits and encourage retirees to enroll in a Part
D Plan of their choice. You may choose to provide a financial contribution toward
the cost of the plan.
- Maintain
present coverage as it currently operates and apply for the CMS employer tax subsidy.
- Transfer retirees into a fully insured
Medicare retiree product which covers medical and pharmacy claims.
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