Dear Members of the Maryland General Assembly, The Department of Budget and Management is writing to inform you that we have updated the Frequently Asked Questions (FAQs) document on the […]
Dear Members of the Maryland General Assembly, The Department of Budget and Management is writing to inform you that we have updated the Frequently Asked Questions (FAQs) document on the […]
Dear Members of the Maryland General Assembly,
The Department of Budget and Management is writing to inform you that we have updated the Frequently Asked Questions (FAQs) document on the transition of State retirees to Medicare Part D for their prescription drug coverage effective January 2025. These updates reflect some of the questions and concerns raised by legislators and retirees during the recent session and other important updates since January. These updated FAQs can also be accessed via the DBM website at this link: https://dbm.maryland.gov/benefits/Pages/Retirees.aspx
In addition to the revised FAQs, we have developed a very high-level timeline of the transition process. This timeline may be useful for sharing during community meetings and other public engagements.
We hope these resources will help you answer questions from your constituents and explain the ongoing transition process. Additionally, DBM is in the final stages of the procurement process for a Part D Administrator, and we will share further updates once that vendor is onboarded, likely by July.
Thank you for your continued support and dedication to the well-being of Maryland’s retirees.
Thank you,
—
Dana Phillips
Director, Legislative and Intergovernmental Relations
Department of Budget and Management
410-260-6068
What you need to know:
The State of Maryland’s prescription drug plan coverage for Medicare-eligible retirees is changing on January 1, 2025.
The current State-provided prescription drug plan for Medicare-eligible retirees will end on December 31, 2024. Retirees will need to enroll in a Medicare Part D plan during Medicare open enrollment between October 15 and December 7, 2024, to have prescription drug coverage on January 1, 2025. You will select a Medicare Part D plan from the options that will be available in your geographic area. To assist you with this transition, the State will provide one-on-one counseling to walk through your options with you this Fall.
We realize this is a big change, and you probably have many questions and concerns. We are committed to ensuring a smooth transition to your new coverage, including providing one-to-one counseling assistance in selecting a Part D plan. As soon as we have more details to share, our team at the Department of Budget and Management will answer all your questions and address your concerns.
What you need to do:
You do not need to do anything right now. Your current prescription drug plan coverage will continue through December 31, 2024.
Medicare eligible retirees do not need to enroll in Medicare Part D at this time, but here’s what you can expect in the coming months:
Please keep an eye out for future communications from the State with details of this transition.