Content Overview
- Summary
- If You Have Drug Coverage (Creditable Coverage)
- If You Have Medigap (Medicare Supplement Insurance)
- If You Get Your Drugs Through A Drug Manufacturer's Patient-Assistance Program
- What If I Choose Not To Purchase Medicare Part D Coverage?
- What I Purchase All My Drugs Abroad?
- If You Are In A Medicare Advantage Plan That Provides Drug Coverage
Medicare Part D: How To Decide Whether To Take Medicare Part D
If You Have Medigap (Medicare Supplement Insurance)
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You can keep your Medigap coverage.
If your policy doesn't cover drugs, it won't be affected.
If your policy does cover drugs:
- You cannot also enroll in a Medicare drug plan.
- If your drug coverage is as good as the Medicare drug coverage, the coverage is "creditable." You will not be penalized later if you drop the coverage and transfer to Medicare drug coverage. There are few plans that could qualify.
- If your drug coverage is not as good as the Medicare drug coverage, it is not "creditable." If you later drop it, and pick up the Medicare drug coverage, you will be subjected to the penalty for late enrollment.
NOTE: New Medigap policies are no longer allowed to include drug coverage.
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