2021 City of Hutchinson Benefit Guide FINAL - 11-20-20

40 What Happens To Your Current Coverage If You Decide to Join AMedicare Drug Plan? If you decide to join a Medicare drug plan, your current City of Hutchinson coverage will not be affected. When Will You Pay A Higher Premium (Penalty) To Join AMedicare Drug Plan? You should also know t hat if you drop or lose your current coverage with City of Hutchinson and don’t join a Medicare drug planwithin 63 continuous days after your current coverage ends, you may pay a higher premium(a penalty) to join a Medicare drug plan later. If you go 63 continuous days or longerwithout creditable prescription drug coverage, your monthly premium may go up by at least 1% of the Medicare base beneficiary premiumper month for everymonth that you did not have that coverage. For example, if you go nineteen months without creditable coverage, your premium may consistently be at least 19% higher than the Medicare base beneficiary premium. You may have to pay this higher premium(a penalty) as long as you have Medicare prescription drug coverage. In addition, you may have to wait until the followingOctober to join. For More Information About This Notice Or Your Current PrescriptionDrug Coverage… Contact the person listed below for further information. NOTE: You ’ll get this notice each year. You will also get it before the next period you can join a Medicare drug plan, and if this coverage through City of Hutchinson changes. You also may request a copy of this notice at any time. For More Information About Your Options UnderMedicare PrescriptionDrug Cov erage… More detailed information aboutMedicare plans that offer prescription drug coverage is in the “Medicare & You” handbook. You’ll get a copy of the handbook in the mail every year fromMedicare. You may a lso be contacted directly by Medicare drug plans. For more information about Medicare prescription drug coverage: • Visit www.medicare.gov • Call your State Health Insurance Assistance Program (see the inside back cover of your copy of the “Medicare & You” handbook for their telephone number) for pe rsonalized help • Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048. If you have limited income and resources, extrahelp paying for Medicare prescription drug coverage is available. For information about this extra help, visit Social Security on the web at www.socialsecurity.gov , or call them at 1-800-772-1213 (TTY 1-800-325-0778). Remember: Keep this Creditable Coverage notice. If youdecide to join one of theMedicare drug plans, you may be required to providea copy of this notice when you join to show whether or not you havemaintained creditable coverageand, therefore, whether or not you are required to pay a higher premium(a penalty). Date: January 1, 2021 Name of Entity/Sender: Tom Sanders, City of Hutchinson Contact--Position/Office: Director of Human Resources Address: 125 East Avenue B, Hutchinson, KS 67501 Phone Number: 620-694-2620