In response to the State changes announced earlier this month, UMBC created a dedicated webpage with information and resources for retirees: UMBC Retiree Prescription Plan Changes Webpage: https://hr.umbc.edu/benefits/retiree-prescription-plan-changes/
The State of Maryland’s Department of Budget & Management (DBM) recently announced a change to retiree prescription drug coverage effective January 1, 2019. This does not impact active employees, but will impact current retirees, their dependents, and prospective retirees in their planning process.
“Effective January 1, 2019, State Medicare-eligible retirees will no longer receive prescription drug coverage under the State health plan, and will need to enroll in a Medicare Part D for prescription drug by then to ensure there is no gap in coverage. Retirees’ dependents who have not yet reached Medicare eligibility will see no change; they will continue to be eligible for both prescription drug and health benefits until they reach Medicare eligibility. Active State employees who are Medicare-eligible, but are still working, will likewise see no change in prescription drug and health benefits.”
Below are links with more information regarding the recent announcement. The Department of Budget & Management will be communicating directly to all current retirees and will be posting additional information to their site when it becomes available.
Full Announcement: http://dbm.maryland.gov/benefits/Pages/EGWP.aspx
DBM Website: http://dbm.maryland.gov/benefits/pages/default.aspx
Prospective retirees can contact hrbenefits@umbc.edu with questions about the planning process.