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Mr. Yoo’s employer has recently dropped comprehensive creditable prescription drug coverage

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Mr. Yoo’s employer…

Mr. Yoo’s employer has recently dropped comprehensive creditable prescription drug coverage that was offered to company retirees. The company told Mr. Yoo that, because he was affected by this change, he would qualify for a Special Election Period. Mr. Yoo contacted you to find out more about what this means. What can you tell him?

It means that he qualifies for a one-time opportunity to enroll into an MA-PD or Part D prescription drug plan. Correct