PSHB Part D Employer Group Waiver Plan (EGWP) is Confusing Postal Retirees | Part D or EGWP?

Snippet of Article: "..."PSHB Part D EGWP" refers to the "Employer Group Waiver Plan" for Medicare Part D prescription drug coverage that is automatically provided to eligible Postal Service annuitants through their Postal Service Health Benefits (PSHB) plan; essentially, it means that PSHB plans must integrate Medicare Part D coverage and offer it to eligible retirees as part of their standard benefits, with no additional action needed from the retiree to access this drug coverage. ..."

Source: www.ecfr.gov

PSHB Part D Employer Group Waiver Plan (EGWP),Medicare Part D,

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OPM Encourages FEHB Health Plans to Adopt Medicare Part D for Federal Annuitants

Snippet of Article: "...enrollment in Medicare Part D has gotten more attractive to federal retirees. Among the provisions passed into law following the IRA passage is a strengthening of Medicare Part D through several reforms. The most significant reform is an improvement to Medicare Part D catastrophic cost protection to an annual maximum out-of-pocket prescription drug expense of $2,000, lowered from $8,000 during 2024 and effective January 1, 2025.

The Office of Personnel Management (OPM), who runs the FEHB program, is now strongly encouraging FEHB program health plans to adopt the improved Medicare Part D prescription drug coverage as an alternative to FEHB prescription program coverage for federal retirees enrolled in an FEHB program and Medicare. ..."

Source: stwserve.com

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