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Medicare Part D Reminders and Warnings

For most GIC Medicare enrollees, the drug coverage you will have through your GIC health plan is a better value than a basic Medicare Part D drug plan. Additional information about Medicare Part D and your GIC coverage is listed here.

Most GIC Enrollees Should Not Enroll in Medicare Part D

Medicare Part D Prescription Drug Reminders and Warnings

For most GIC Medicare enrollees, the drug coverage you will have through your GIC health plan is a better value than a basic Medicare Part D drug plan.  Therefore, most individuals should not enroll in a non-GIC Medicare Part D drug plan. 

  • A “Notice of Creditable Coverage” is in your plan handbook.  It provides proof that you have comparable or better coverage than Medicare Part D.  If you should later enroll in an individual Medicare drug plan because of changed circumstances, you must show the Notice of Creditable Coverage to the Social Security Administration to avoid paying a penalty.  Keep this notice with your important papers.
  • If you are a member of Harvard Medicare Enhance, Health New England MedPlus or Tufts Medicare Complement, your plan will include Medicare Part D effective July 1, 2017.  You will receive a federal government-required opt out mailing early May.  Do not opt out of the SilverScript Part D program.  If you do so, you will lose your GIC health, behavioral health, and prescription drug benefits and will not be able to re-enroll until next spring.
  • Effective July 1, 2017, all GIC Medicare plans automatically includes Medicare Part D coverage.  Do not enroll in a non-GIC Medicare Part D plan.  If you enroll in another Medicare Part D drug plan, the Centers for Medicare & Medicaid Services will automatically dis-enroll you from your GIC health plan, which means you will lose your GIC health, behavioral health, and prescription drug benefits.
  • If you have extremely limited income and assets, contact the Social Security Administration to find out about subsidized Part D coverage.
  • If your adjusted gross income, as reported on the federal tax return, exceeds a certain amount, Social Security will impose a monthly additional fee called IRMAA (Income-Related Monthly Adjustment Amount).  Visit Medicare for more information. Social Security will notify you if this applies to you.

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