What happens if a PSHB employee covered by EGWP signs up for Medicare Part D?

Title: What happens if a PSHB employee covered by EGWP signs up for Medicare Part D?

Article Snip: "If a PSHB employee covered by an Employer Group Waiver Plan (EGWP) signs up for a separate Medicare Part D plan, they are essentially double-paying for prescription drug coverage, as their EGWP through PSHB already provides that coverage; they should contact their PSHB plan to potentially opt out of the EGWP and enroll in their chosen Part D plan instead, but be aware that doing so could result in a gap in coverage and potential late enrollment penalties depending on their situation.
Key points to remember:

Redundant coverage:
When a PSHB employee is already covered by the EGWP, enrolling in a separate Part D plan means they are paying for prescription drug coverage twice.

Opting out of EGWP:
If a PSHB employee wants to switch to a different Part D plan, they should contact their PSHB plan to properly opt out of the EGWP and enroll in their chosen plan.
Potential penalties:
Depending on the circumstances, opting out of the EGWP without enrolling in another Part D plan could lead to a late enrollment penalty when they try to enroll later.

"

Reference: AI Generated Referencing OPM.GOV
Medicare Part D,Medicare Part D vs. PSHB Part D Employer Group Waiver Plan (EGWP),EGWP,

---

---