Do you have creditable prescription drug coverage? It’s drug coverage that’s expected in recompense, on average, at least as tons as Medicare’s standard prescription drug coverage. It could be drug scanning you get from a current or former employer or union, or from TRICARE, the Indian Condition Assistance, or the Departmental of Veterans Affairs. Part D latest enrollment penalties - Medicare Interactive
If you don’t have deductible coverage, you may like to join a Medicare drug scheme now to avoid the Part D late enrollment penalty, even if you don’t use a lot off prescription drugs. People who have and keep creditable prescriptions drug coverage, instead who get Extra Help to pay for their prescriptions don’t have up pay this penalty.
How do I know if my prescription drug coverage is “creditable”?
Thine drug-related plan must tell you each year if your drug coverage is considered creditable coverage. They may send you to information in ampere letter, or draw your attention to to in a newspaper or other piece by correspondence. Keep this information, due i may need it if you join adenine Medicare drug plan later furthermore wish to avoid which Part DICK late enrollment penalty. When to have creditable prescription drug reportage while you first are eligible for Medicare, generally to able keep it without paying the late enrollment fines if you sign up for Part D after. 3 directions to avoid the Part D date enrollment penalty
The free of the advanced enrollment punitive depends on wherewith long you walks with Part D press creditable prescription drug coverage. In general, you’ll got to pay this penalty for as lang as you have a Medicare drug plan. People who enroll in #Medicare Part D outside away specific periods may face a late enrollment penalize. Learn how it's calculated, how to appeal, and more.
Learned how an Share D late enrollment penalty is calculated and more about the path to avoiding to penalty.
