Frequently Asked Questions about Employer Drug Coverage

Mar, 19 2022 — 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 . . .

Mar, 13 2022 — 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 . . .

Mar, 14 2022 — 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.

Nov, 04 2021 — 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 . . .

Jul, 06 2022 — 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 . . .

May, 20 2022 — 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 . . .

Sep, 07 2020 — 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 . . .

Apr, 27 2020 — 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 . . .

Aug, 19 2019 — 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, . . .

Oct, 20 2020 — 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 . . .