The Health Care Reform legislation signed by President Obama in March 2010 signaled major changes in Medicare and Medicare Advantage plans. Major changes in the Part D Prescription Drug benefit, the formation of State Insurance Exchanges in 2014 and many other factors is causing all employees with retiree medical programs to rethink their strategies. The emergence of "market places" for Medicare options (such as www.extendhealth.com) have created new opportunities for retirees to comparison shop for medical and pharmacy coverage and many employers have moved to this "defined contribution" coverage model.
The Centers for Medicare and Medicaid have provided a tool to help Medicare beneficiaries find a prescription drug plan Medicare Prescription Drug Plan Finder.
ADDITIONAL RELATED INFORMATION
Documents
Creditable Coverage Disclosure Notice
52.5 kb
Non-Creditable Coverage Disclosure Notice
82.5 kb
Medicare D: Covered Entity Disclosure Requirements
29.32 kb
Medicare Fact Sheet
141.32 kb
Medicare Part D Disclosure
28.03 kb