Medicare Part D
Medicare Part D is a prescription drug benefit. If you enroll in a Company-sponsored HMO, you will be also enrolling in an enhanced Medicare Part D plan. If you enroll in the Comprehensive Access Plan (CAP) administered by Anthem Blue Cross, you will not be enrolling in a Part D plan. However, since CAP has prescription drug benefits equal to or better than the minimum Part D benefit, you will be treated by Medicare as if you had been enrolled in a Part D plan and you will not be assessed a premium penalty for late Part D enrollment if you decide later to enroll in a Part D plan. Whether you enroll in an HMO or CAP, you will receive the benefit of lower medical premiums, because the Company passes on the savings that it receives on Medicare Part D to its members.
Every year, the Company provides a Creditable Coverage notice to all medical plan participants. The notice attests that the Company-sponsored medical plan prescription drug benefits are actuarially equal to or better than the Medicare Part D basic benefit. You should keep the notice because it provides protection against Medicare Part D late enrollment penalties should you sometime in the future drop Company-sponsored medical plan coverage and enroll in a Medicare Part D plan. For a copy of the notice or additional information, you can contact the PG&E Benefits Service Center at 866-271-8144 (open weekdays from 7:30 a.m. to 5 p.m. Pacific time).
All Medicare recipients have the option of enrolling in many different Medicare-approved Part D plans, called Prescription Drug Plans (PDPs), offered outside of the Company (for example, at your local chain drugstore). While it is your choice whether you decide to enroll in one of these external PDPs, it's extremely important that you consider this decision carefully. If you enroll in Medicare Part D though an external PDP (i.e., not through the Company's enrollment process), you will lose your Company-sponsored medical plan coverage.