Is Medicare required for retiree enrollment?
Yes, retirees must have continuous enrollment in Medicare Parts A and B while enrolled in a RESIG retiree plan.
Retirees and their spouses/domestic partners that are Medicare eligible (65+ years of age, or less than age 65 but Medicare eligible) are required to provide proof of Medicare Parts A and B. A copy of the retiree’s and spouse’s/domestic partner’s Medicare card must be sent to RESIG prior to the first of the month in which they turn 65 (or first of the prior month if their birthday is on the 1st).
Members who do not have A & B assigned at the time they become Medicare eligible may be subject to non-refundable, non-negotiable Medicare surcharge penalties. Additionally, Medicare eligible members who lose A & B due to non-payment of monthly premium(s), non-payment of IRMAA (Income Related Monthly Adjustment Amount) premiums or due to dual Part D (prescription coverage) may also be subject to non-refundable, non-negotiable Medicare surcharge penalties:
- Missing Part A: $625/month
- Missing Part B: $625/month
- Missing Parts A & B: $1,250/month