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. 1 Financial Conditions for BlueMedicaresm Group Products ➢ Effective Date — The benefit plan design provided in this proposal will be effective from October 1 , 2010 through September 30 , 2011 . r Rates and Benefit Approval — All benefits , value -added services , and premiums are subject to CMS and the State of Florida OIR approvals , where applicable . All Group Medicare Advantage , PDP benefits , and service areas are subject to change at the next enrollment period . ➢ Rates — All rates are calculated and based on a per- member , per- month ( PMPM ) basis and are effective from October 1 , 2010 through September 30 , 2011 . Rates may be lower than quoted for those Medicare eligible retirees who meet the Low- Income Subsidy ( LIS ) guidelines . A retiree can confirm if they qualify for LIS by contacting Social Security at 1 - 800- 772- 1213 , visit www. socialsecurity . gov on the web , or apply at the State Medical Assistance ( Medicaid ) office . TTY users should call 1 -800 - 325- 0778 . The group ' s montly invoice will reflect retirees ' reduced premiums and the group must pass this savings on to the eligible retirees . r Part D Creditable Coverage - If prior creditable coverage cannot be proven , the enrollee may incur a Late Enrollment Penalty ( LEP ) as defined and set by CMS . This may cause an increase in their premium . Medicare Part B — The premium /s provided in this proposal exclude the Medicare Part B premium required of Medicare eligible enrollees to enroll in Medicare Advantage or Medicare Supplement plans . Retirees who did not enroll in Part B when they became eligible may do so during the Medicare Part B Annual Election Period of January 1 st — March 31 st . Their Part B coverage would not become effective until July 1st . Depending on the retiree ' s circumstances , CMS may impose a Part B late enrollment penalty . Possible changes by CMS in year 2011 . BlueMedicaresM Group Medicare Advantage plans replace Original Medicare , Individual Medicare plans , and commercial health and Rx plans offered under the employer ' s group plan .