If you have prescription drug coverage through a retiree plan:
Check with your
former employer about your options before doing anything.
If you are happy with your employer coverage, and it is continuing,
you should not need to do anything.
CAUTION: if you drop your employer or union health coverage, you may not
be able to rejoin it later.
CAUTION:To receive free premiums, you will need to pick a plan with average
or below average premiums. If you fail to choose a plan, you will
be automatically assigned to a plan. You will be able to change plans
monthly if need be.
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If you are currently enrolled in a Medicare managed Care plan (such
as Kaiser, etc.):
Your plan will
send you information about your options this month. if you want to
stay with your current plan and it offers a prescription drug plan,
you may enroll.
If you do not
want to remain in that plan, you may either enroll in a different
Medicare Managed Care plan or return to traditional Medicare and select
a private drug plan.
If you currently
do not have prescription drug coverage:
Evaluate your
needs and investigate your options, but remember monthly premiums
will be higher if you do not enroll by May 15, 2006. You will also
want to determine if you are eligible for limited income assistance.
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