Mr. Yoo’s employer has recently dropped comprehensive creditable prescription drug coverage that was offered to company retirees

Question

3 years ago

7

Mr. Yoo’s employer has recently dropped comprehensive creditable prescription drug coverage that was offered to company retirees

. The company told Mr. Yoo that, because he was affected by this change, he would qualify for a Special election period. Mr. Yoo contacted you to find out more about what this means. What can you tell him?

Health

1 answer:

Aloiza [94] · Answer 1 · 2022-03-26T10:09:13+03:00

Answer:

The correct answer is - It means that he qualifies for a one-time opportunity to enroll in an MA-PD or Part D prescription drug plan.

Explanation:

According to this, you should explain to Mr. Yoo that he has included in the new Medicare Advantage prescription drug (MAPD) plans. That is a Medicare Advantage plan that includes prescription drug coverage.

So this means he has more coverage without buying the additional coverage plan and included in his current plan. It is good news from the employer side for him.