I have Medicare and get drug coverage from a current or former employer or union
If you apply and qualify for extra help
Medicare helps employers and unions continue to offer high quality prescription drug coverage. Before you make a decision about whether to join a Medicare drug plan, it’s important for you to understand how your employer or union drug coverage works with Medicare. Your employer or union drug coverage may change if you join a Medicare drug plan. You should get information from your employer or union (or the plan that administers your drug coverage) annually about how your drug coverage compares to Medicare prescription drug coverage (whether it is creditable drug coverage
). Read carefully and save all materials from your employer or union. They will help you understand your options and make your decision much easier.
Your (or your spouse’s) employer or union tells you that your current coverage IS creditable prescription drug coverage
- You can keep this coverage as long as it is still offered by your employer or union.
- You won’t have to pay a late enrollment penalty if your employer or union stops offering prescription drug coverage as long as you join a Medicare drug plan within 63 days after the coverage ends.
Find out about your options from your benefits administrator. You may be able to do one of the following:
- Keep your current employer or union drug coverage and join a Medicare drug plan to give you more complete prescription drug coverage.
- Keep only your current employer or union drug coverage. If you join a Medicare drug plan later, you may have to pay a late enrollment penalty.
- Drop your current coverage and join a Medicare Prescription Drug Plan, or join a Medicare Health Plan that covers prescription drugs.
Talk with your employer or union benefits administrator before making any changes to your health care coverage.