Understanding Medicare Coverage and Benefits for 2022
Explore key aspects of Medicare including eligibility, coverage, costs, and additional options for more coverage. Get insights on Medicare Part D, what Medicare covers, and what it doesn't. Find details on benefit decisions for individuals aged 65 and above, actively working retirees, and surviving spouses. Contact www.medicareplansneo.com or call (216) 901-9300 for more information.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
What Does Medicare Cover?
What is Medicare Part D?
2022 Benefit Decision Chart AGE 65 & OLDER & ACTIVELY WORKING RETIREES, DEPENDENTS OF RETIREES & SURVIVING SPOUSES Enrolled in Medicare Under Age 65 Not Enrolled in Medicare Age 65 and Over The College s change to the CDHP plan effective 1/1/2022 will impact you. You are still eligible to remain on the insurance; however, you will receive a Health Reimbursement Account (HRA) instead of a Health Savings Account (HSA) as the IRS prohibits pre-tax contributions into HSA accounts of Medicare recipients. You will receive the same funding amounts into the HRA as those with HSAs to help you meet your deductibles and plan maximums. The College s change to the CDHP plan effective 1/1/2022 will impact you. The College will make contributions into your HRA account on your behalf. You will not be able to make your own contributions into the HRA account as those contributions must run through payroll. The College s change to the CDHP plan effective 1/1/2022 will impact you. The College will make contributions into your HSA account on your behalf. You will also be able to make your own contributions to the HSA account through payroll deductions. Your current coverage options will not be impacted effective 1/1/2022. Please disregard emails pertaining to the change to the CDHP plans effective 1/1/2022. Have additional questions about Medicare and your options? Phone: (216) 901-9300 www.medicareplansneo.com
