The Medicare Supplement Plan supplements Medicare coverage. When you retire and your Medical Plan coverage ends, this secondary coverage may be right for you.
Medicare Supplement coverage supplements Medicare, covering a wide range of medically necessary services and supplies beyond Medicare Parts A and B coverage. It also includes a Part D prescription drug benefit. Generally, Medicare Supplement covers the following:
As a retiring member of the Benefits Plan, you may enroll in Medicare Supplement if you
These family members also may enroll in Medicare Supplement, regardless of whether you choose to enroll when you are eligible:
*To meet the Rule of 70, you must be age 55 or older when you terminate service to the Presbyterian Church (U.S.A.) and have at least five years of Medical Plan participation. Additionally, the sum of your age and years of Medical Plan participation at termination must equal 70 or more.
You pay a subscription rate, or premium, set annually by the Board of Directors of the Board of Pensions. The rate charged is lower than the actual cost to cover you, because the Medicare Supplement Plan is partially subsidized by the federal government and the pharmaceutical industry (for the prescription drug portion of the plan) and by Presbyterian Church (U.S.A.) churches through post-retirement dues.
|Medicare Supplement costs |
|Member and Medicare-eligible Spouse||$550|
|Annual deductible per member (medical)||$306|
|Annual deductible per member (prescription)||$0|
|Medical copayment (includes deductible)||$2,450|
|Prescription copayment per member||$2,500|