People With Medicare
How will I learn about my current plan?
Each insurance company or program that offers drug coverage now must tell you how your coverage compares with the Medicare Prescription Drug Coverage. They will refer to it as being "as good as" Medicare. It is also sometimes called "creditable coverage."
They are required to tell you about their plan and your options. They may send you a letter or tell you in a newsletter or other communication.
Keep the information they send you - especially if your plan is considered as good as the Medicare program and you keep it. If you switch to the Medicare drug coverage in the future, you won't have to pay the penalty if you have the letter.
If you were told your plan was as good as Medicare’s coverage and it turns out later not to be true, the letter will protect you. It will show you had reason to believe you were in a plan as good as the Medicare Prescription Drug Coverage.