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Step 2. Assess Your Current Drug Coverage

Can’t I just keep the drug coverage I have now?

In some cases, you may be able to keep your current prescription drug plan and not join a Medicare drug plan. If you have prescription drugs covered under other insurance, such as through your employer, your spouse, or another program (e.g., TRICARE, a union), you should check with your (or your spouse's_ current plan to see if you have creditable coverage. Creditable coverage means that your drug plan is comparable to Medicare Part D.  This information is usually found in the HR materials or the Evidence of Coverage provided by the health plan, but you can also ask the HR department for it, and ask for the response in writing. You should keep the document in a file in case you need it to show that you had creditable coverage should you decide to sign up for Medicare drug coverage in the future.

Use the links below to learn if you can stay with the drug plan you have now, or if you should consider signing up for a Medicare drug plan.

If your current plan is:

(Click on the link below to select)

I do not take any drugs now, so why should I enroll now?

We all want to stay in good health, but no one can predict the future. These plans are insurance that covers the cost of prescription drugs. If your health changes and you need more medicines, this insurance will help pay for your drugs and protect you from very high drug costs.

If you enroll later, you may have to pay higher monthly premiums for the rest of the time you have drug coverage from Medicare.

NEXT: Step 3. Figure out costs

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