Medicare Part D Creditable Coverage Disclosure Notice

If you or your spouse are getting close or already over age 65, this information is very important for you to be aware of.  If you plan on signing up for Medicare in the next 12 months, you will need to print and save a copy of this notice.  This confirms that our plans are considered creditable compared to a standard level of coverage set by Medicare.  What that means to you is that you will not be assessed a penalty for a Medicare Part D (prescription) plan that you elect.

For any employee, you need to be aware of this information once you become Medicare eligible.  We are required to test our plans annually.  If at any point our plan becomes Non-Creditable, you will need to look at your options to AVOID a lifetime MEDICARE premium penalty.

If you have any questions, please reach out to Insurance Services (801) 567-8146 or contact Medicare directly (800) 633-4227.
Medicare D Creditable Coverage

How can you easily save money for yourself and our health plan?
There are so many ways that we can all be good consumers and keep our overall plan costs down. In the long run, this will save you money and avoid higher premium costs in the future.

• Take advantage of preventive visits on both your medical and dental plans. If issues are caught early, there is an increased chance of a positive outcome and lower costs for both you and our health plan.
• Always ask for generic drugs.
• Talk to your pharmacist and ask if there is a lower cost options available that they would recommend.
• If you need the name brand prescription, take advantage of CRX International. (Web ID: JORDANSD)
• Take advantage of mail order or 90 day fill at Walgreens.
• If you are on a tumor necrosis factor (TNF) blocker such as Humira, ask your pharmacist about the biosimilars and if they are right for you.
• Use the cash back program with PEHP. Opt to get care at a clinic instead of a hospital and get cash back. Please see the tutorial on the Insurance website.
• “Know Before You Go” – Take a few simple steps beforehand to get the right care at the best value to avoid unnecessary large bills.
• The “Latest and Greatest” drug on the market doesn’t mean it is right for you. These drugs are usually very expensive and have not proven there are additional benefits over the drugs that have been out there for years. Talk to both your physician and pharmacist for the lowest, most effective option for you.
• Move your body! Regular physical activity, even in low doses, is proven to reduce overall costs, reduce stress, increase happiness and overall wellbeing.

If you have found other ways to save money, please let Insurance Services know and we will feature it in a future JEM.

• Insurance Services Money Saving Ideas Flyer
• Jordan Insurance Services | 801-567-8146 | insurance@jordandistrict.org