Mon. Jul 15th, 2024

Medicare Part D is coming to an FEHB plan near you

November 2, 2023

READ FULL ARTICLE AT » Government Executive

A new benefit is being automatically added to many of the FEHB program options for the 2024 plan year for retirees who are also enrolled in Medicare Part A and/or Part B: Medicare Part D, the prescription drug benefit under the government’s national health insurance program.

This benefit has been previously included in the Medicare Advantage options that have been added to many FEHB plans over the past few years and will also be available for some plans without the additional Medicare Advantage benefit.

For plan year 2024, plans offering this benefit will automatically coordinate with FEHB through an Employer Group Waiver Plan. EGWPs are offered either as a standalone Prescription Drug Plan or a Medicare Advantage Prescription Drug plan.

You may find that if your plan is offering this benefit for 2024, they may provide separate brochures detailing these benefits which may have been mailed to you prior to open season.

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