Medicare Part D Drug Coverage
Medicare Part D drug coverage makes prescription drug coverage available to all Medicare beneficiaries. When people sign up for Medicare and omit joining a Medicare drug plan or an Advantage plan that includes prescription drug coverage, they can incur up to a 12% penalty per year.
The following are exceptions to the rule and considered a credible coverage by Medicare, whereas people don’t have to have the additional Medicare Part D.
• Federal Employee Health Benefits (FEHB) Program.
• Veterans Benefits.
• TRICARE (Regionally managed health care for active duty and retired members of the uniformed services).
• CHAMPVA (A Department of Veterans Affairs heath benefits program).
• Indian Health Services.
Discount drug programs such as GoodRx are not considered credible coverage by Medicare. For more information, contact insurance broker specializing in Medicare Sandra Teel at 909-856-9379 or 657204-4424.
