Employer Legal Notices
This section includes important legal and regulatory notices related to your employee benefits and other workplace requirements. These notices provide information about your rights, responsibilities, coverage options, privacy protections, and certain protections available under federal and state law.
Please review them carefully and retain them for future reference. If you have questions about how a notice applies to you or your family, contact Human Resources or your benefits administrator.
Understanding Your Medicare Part D Creditable Coverage Notice
Medicare Part D is the part of Medicare that helps pay for prescription drugs. If you don't sign up for Part D as soon as you're eligible (usually at age 65), Medicare can charge you a late enrollment penalty — and that penalty is added to your premium for life.
You can avoid this penalty if you already have prescription drug coverage that's just as good as Medicare Part D (called "creditable coverage") through:
- An employer's health plan while you're still actively working, or
- COBRA continuation coverage
You receive this notice each year; it tells you whether the Bishop's plan's drug coverage counts as "creditable," so you can make an informed decision about when to enroll in Medicare Part D without worrying about a lifetime penalty.
