61 Medicare Part D The Medicare Prescription Drug , Improvement , and Mo dernization Act of 2003 (MMA) added a new prescription benefit for individuals that are eligible for Medicare coverage called Medicare Part D. The Trustees have determined, with the assistance of an actuary, that the Plan’s prescription drug coverage for M edicare eligible participants is actuarially equivalent to Medicare Part D. This means, on average, the Fund’s benefits are equal to or better than the standard Medicare Part D drug plan, and therefore the Fund offers Creditable Coverage. As required by MM A, each plan participant who is Medicare eligible will periodically receive a notice, called a Notice of Creditable Coverage, advising the individual whether the Plan’s prescription drug benefit continues to be actuarially equivalent to Medicare Part D. An eligible participant also may receive a Notice of Creditable Coverage u pon request to the Fund Office. Medicare eligible participants, active or retired, are not required to sign up for Medicare Part D and may still obtain their prescription benefits cove rage through the Plan. If you do enroll in Medicare Part D, your cov erage and the coverage for your Spouse and your Eligible Dependent Child under the Plan will be terminated. In such a case, there is no adjustment to the cost of the coverage under the Pla n. If you choose not to enroll in Medicare Part D, your prescription drug coverage under the Plan will continue for you, your Spouse, and your Eligible Dependent Child.
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