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.

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

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Problems with Medicare Advantage Plans Keep Mounting

Title: Problems with Medicare Advantage Plans Keep Mounting

Article Snip: "...Complaints and problems with Medicare Advantage include denial of service and slow care approvals. Consumers need to pay attention. ... People tend to like their Medicare Advantage plans — until they don’t. ...

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MA faces mounting criticism for denying and delaying some needed care while costing taxpayers billions more than government-run, so-called fee-for-service, traditional Medicare. ... The reasons for Medicare Advantage’s expanding popularity are readily apparent: lower costs for individuals, simpler selections and extras, such as dental and vision coverage and even gym memberships, not provided by traditional Medicare. ..."

Reference: www.kiplinger.com
Compare Original Medicare & Medicare Advantage,Why do doctors not like Medicare Advantage plans?,Medicare Part D vs. PSHB Part D Employer Group Waiver Plan (EGWP),

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Is Medicare Part D better for postal a retiree than PSHB Part D Employer Group Waiver Plan (EGWP)?

Title: Is Medicare Part D better for a postal retiree than PSHB Part D Employer Group Waiver Plan (EGWP)?

Article Snip: "...For many retirees, Medicare Part D can be considered better than a PSHB Part D EGWP because it often offers more flexibility in plan selection, wider drug coverage options, and may have lower out-of-pocket costs due to broader access to the Medicare Part D marketplace, while the EGWP might be more limited in its drug formulary and could potentially cost more for certain medications depending on individual needs; additionally, opting out of the EGWP may result in losing prescription drug coverage altogether while still paying the same premium. ... However, it's important to compare plans carefully before making a decision:

Review your medication needs:

Analyze which medications you take regularly and compare their coverage and costs under both the PSHB EGWP and available Medicare Part D plans."

Reference: AI Generated

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