The State of Maryland’s prescription drug plan coverage for all Medicare-eligible State of Maryland retirees is changing on January 1, 2025. This change applies to all current and future Medicare-eligible retirees (age 65 and older or under age 65 and approved for Medicare disability).
This change does not affect current active employees who have State prescription drug coverage and who are not planning to retire in the near future.
The current State-sponsored prescription drug plan for retirees will end on December 31, 2024. University of Maryland retirees will need to enroll directly 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. UMD retirees will select a Medicare Part D plan from the options available in their geographic area.
For current Medicare-eligible retirees, the current State-provided prescription drug plan coverage will continue through December 31, 2024. They do not need to take any action right now, but here’s what they can expect in the coming months:
- These retirees will receive information this summer from the State of Maryland describing in-person and virtual education sessions that will explain what is happening and actions they will need to take. The State will also provide one-on-one counseling this Fall to assist retirees with their Medicare Part D options and selection.
- During Medicare open enrollment (October 15 - December 7, 2024), they will need to enroll directly in a Medicare Part D plan in order to continue their prescription benefits.
We realize this is a big change for University of Maryland retirees, as well as those who plan to retire soon, and that you may have questions and concerns. University Human Resources has created a helpful information webpage & video that will help you understand this change, whether you are a current retiree, are planning to retire soon, or not planning your retirement yet. If you plan to retire soon, your retirement consultation with one of our Benefits Services Counselors will include information about this change so you can plan accordingly. As we learn more information in the coming months about resources that the State will provide, we will share this information with you.