Retiree Health Care

  • Important Notice from Richmond Public Schools About Your Prescription Drug Coverage and Medicare

    important Please read this notice carefully and keep it where you can find it. This notice has information about your current prescription drug coverage with Richmond Public Schools and about your options under Medicare’s prescription drug coverage.  This information can help you decide whether or not you want to join a Medicare drug plan. If you are considering joining, you should compare your current coverage, including which drugs are covered at what cost, with the coverage and costs of the plans offering Medicare prescription drug coverage in your area. Information about where you can get help to make decisions about your prescription drug coverage is at the end of this notice.

    There are two important things you need to know about your current coverage and Medicare’s prescription drug coverage:

    1. Medicare prescription drug coverage became available in 2006 to everyone with Medicare. You can get this coverage if you join a Medicare Prescription Drug Plan or join a Medicare Advantage Plan (like an HMO or PPO) that offers prescription drug coverage. All Medicare drug plans provide at least a standard level of coverage set by Medicare. Some plans may also offer more coverage for a higher monthly premium.

    2. Richmond Public Schools has determined that the prescription drug coverage offered by RPS under the Cigna plan is, on average for all plan participants, expected to pay out as much as standard Medicare prescription drug coverage pays and is therefore considered Creditable Coverage.  Because your existing coverage is Creditable Coverage, you can keep this coverage and not pay a higher premium (a penalty) if you later decide to join a Medicare drug plan.

    Find out more information on:

    • When Can You Join A Medicare Drug Plan?
    • What Happens To Your Current Coverage If You Decide to Join A Medicare Drug Plan?
    • For More Information About This Notice Or Your Current Prescription Drug Coverage
    • For More Information About Your Options Under Medicare Prescription Drug Coverage

    Get the answers and information here.