CTPF 2027 MEDICARE HEALTH INSURANCE HANDBOOK
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Medicare prescription drug coverage became available in 2006 to everyone with Medicare.             
All Medicare drug plans provide at least a standard level of coverage set by Medicare. 
The Chicago Teachers’ Pension Fund (CTPF) has determined that its prescription drug coverage is, 
on average, at least as good if not better than the standard Medicare prescription drug coverage 
and is considered Creditable Coverage.
If you are currently enrolled, or plan to enroll, in a CTPF Medicare insurance plan for 2027, you 
should not enroll in an additional Medicare Part D prescription drug plan, or you will lose all 
CTPF health insurance coverage.
With this Notice of Creditable Coverage, you will not be penalized if you later decide to enroll in a 
non-CTPF prescription drug plan. However, if you drop or lose your coverage with CTPF and do not 
enroll in Medicare prescription drug coverage within 63 continuous days after your coverage ends, 
you may pay more (a penalty) to enroll in a Medicare Part D prescription drug plan.
KEEP THIS NOTICE
If you are enrolled in a CTPF health plan for the 2027 benefit year, this notice verifies that you have 
creditable coverage for Medicare Part D. 
If, in the future, you decide to join a non-CTPF Medicare drug plan, you may be required to provide 
a copy of this notice. This notice proves that you have maintained creditable coverage. 
JANUARY 1, 2027 - DECEMBER 31, 2027
Notice of Creditable Coverage
Important Prescription Drug 
Information for CTPF Medicare-Eligible 
Plan Participants
425 S. Financial Place |  Suite 1400
Chicago, IL 60605-1000

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