Important Notice from LifeWay Christian Resources About Your Prescription Drug Coverage and Medicare

Please read this notice carefully and keep it where you can find it. This notice has information about your current prescription drug coverage with LifeWay Christian Resources of the Southern Baptist Convention and about your options under Medicare’s prescription drug coverage. This information can help you decide whether or not you want to join a Medicare drug plan. If you are considering joining, you should compare your current coverage, including which drugs are covered at what cost, with the coverage and costs of the plans offering Medicare prescription drug coverage in your area. Information about where you can get help to make decisions about your prescription drug coverage is at the end of this notice.

There are two important things you need to know about your current coverage and Medicare’s prescription drug coverage:

1. Medicare prescription drug coverage became available in 2006 to everyone with Medicare. You can get this coverage if you join a Medicare Prescription Drug Plan or join a Medicare Advantage Plan (like an HMO or PPO) that offers prescription drug coverage. All Medicare drug plans provide at least a standard level of coverage set by Medicare. Some plans may also offer more coverage for a higher monthly premium.

2. LifeWay Christian Resources of the Southern Baptist Convention has determined that the prescription drug coverage offered by the LifeWay group medical plan options is, on average for all plan participants, expected to pay out as much as standard Medicare prescription drug coverage pays and is therefore considered Creditable Coverage. Because your existing coverage is Creditable Coverage, you can keep this coverage and not pay a higher premium (a penalty) if you later decide to join a Medicare drug plan.

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If you decide to join a Medicare drug plan, your current LifeWay Christian Resources of the Southern Baptist Convention coverage will not be affected.

The PPO Plans’ prescription drug benefit for retail drugs (i.e. 30-day supply) is a 3-tier plan with an employee co-payment of $15 for generic drugs, $25 for preferred brand name drugs, and $40 for non- preferred brand name drugs. For retail prescriptions that cost $200.00 or more, there is an additional 20% co-payment of the total prescription cost over $200. The Plan’s prescription drug benefit for mail-order drugs (i.e. 90-day supply) is also a 3-tier plan with an employee co-payment of $15 for generic drugs, $25 for preferred brand name drugs, and $40 for non-preferred brand name drugs. For mail-order prescriptions that cost $400.00 or more, there is an additional 20% co-payment of the total prescription cost over $400.

The HDHP Plans’ prescription drug program is 80% coinsurance after meeting the deductible and 100% coverage after meeting the plans’ out-of-pocket maximum.

If you do decide to join a Medicare drug plan and drop your current LifeWay Christian Resources of the Southern Baptist Convention coverage, be aware that you and your dependents will be able to get this coverage back.

When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan?

You should also know that if you drop or lose your current coverage with LifeWay Christian Resources of the Southern Baptist Convention and don’t join a Medicare drug plan within 63 continuous days after your current coverage ends, you may pay a higher premium (a penalty) to join a Medicare drug plan later.

If you go 63 continuous days or longer without creditable prescription drug coverage, your monthly premium may go up by at least 1% of the Medicare base beneficiary premium per month for every month that you did not have that coverage. For example, if you go nineteen months without creditable coverage, your premium may consistently be at least 19% higher than the Medicare base beneficiary premium. You may have to pay this higher premium (a penalty) as long as you have Medicare prescription drug coverage. In addition, you may have to wait until the following October to join.

For More Information About This Notice Or Your Current Prescription Drug Coverage…

Contact LifeWay Christian Resources of the Southern Baptist Convention human resources department at (615) 251-2345 or via email at humanresources@lifeway.com. NOTE: You’ll get this notice each year.

You will also get it before the next period you can join a Medicare drug plan, and if this coverage through LifeWay Christian Resources of the Southern Baptist Convention changes. You also may request a copy of this notice at any time.

For More Information About Your Options Under Medicare Prescription Drug Coverage…

More detailed information about Medicare plans that offer prescription drug coverage is in the “Medicare & You” handbook. You’ll get a copy of the handbook in the mail every year from Medicare. You may also be contacted directly by Medicare drug plans.

For more information about Medicare prescription drug coverage: Visit www.medicare.gov

• Call your State Health Insurance Assistance Program (see the inside back cover of your copy of the “Medicare & You” handbook for their telephone number) for personalized help

• Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.

• If you have limited income and resources, extra help paying for Medicare prescription drug coverage is available. For information about this extra help, visit Social Security on the web at www.socialsecurity.gov, or call them at 1-800-772-1213 (TTY 1-800-325-0778).

Remember: Keep this Creditable Coverage notice. If you decide to join one of the Medicare drug plans, you may be required to provide a copy of this notice when you join to show whether or not you have maintained creditable coverage and, therefore, whether or not you are required to pay a higher premium (a penalty).

Date: October 4, 2021

Company Name /Sender: LifeWay Christian Resources

Contact--Position/Office: Human Resources

Address: One LifeWay Plaza, Nashville, TN 37234-0121

Phone Number: (615) 251-2345