Frequently Asked Questions about Employer Drug Coverage

In general, "creditable" prescription drug coverage is considered by Medicare to be "as generous as, or more generous than" (or at least as good as) standard Medicare Part D prescription drug coverage . . .

Yes.  If your  annual income (MAGI) exceeds certain limits - and you are enrolled in an employer-sponsored Medicare Part D prescription drug plan (PDP) or Medicare Advantage plan with prescr . . .

Yes. A Medicare beneficiary can use a Special Enrollment Period to join a Medicare Part D plan or Medicare Advantage plan if they lose or leave their employer's health plan (EGHP). A Medicare beneficiary also will be granted an SEP to leave their Medicare plan and join an EGHP.

Probably not. Most people are not able to have both an employer health plan that includes prescription coverage and a separate Medicare Part D prescription drug plan. In fact, if you have prescript . . .

In general, "creditable" prescription drug coverage is at least as good as basic Medicare Part D prescription drug coverage or is expected to pay on average as much as the standard Medicare prescrip . . .

Probably not.  In most cases, your Employer (or Union) healthcare drug plan will not work together with a Medicare plan - and you probably will not be able to add supplemental Medicare Part D pre . . .

It depends.  In some cases, if you join a Medicare drug plan, you will automatically lose all of your employer retiree health coverage - and not just your employer prescription drug coverage.&n . . .

If you have drug coverage through an employer or union and will also get the extra help paying for your drug costs, talk to your employer/union or the benefits administrator of your employer or u . . .

Employer or Union Retiree or health care plans, according to the Centers for Medicare and Medicaid Services (CMS) is defined as: Health plans that give health coverage to employees, former employees, . . .

If you are currently enrolled in Medicare, you are eligible for a Medicare Part D prescription drug plan.  However, you may not need Medicare Part D prescription drug coverage if your wife's pr . . .