- You have other creditable prescription drug coverage
- You get Extra Help
Generally, you’ll pay this penalty for as long as you have Medicare prescription drug coverage. To get Medicare drug coverage, you must join a Medicare plan that offers prescription drug coverage. Each plan can vary in cost and drugs covered.
Two ways to get prescription drug coverage
- Medicare Prescription Drug Plan (Part D) . These plans (sometimes called “PDPs”) add drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-forService (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.
- Medicare Advantage Plan (Part C) (like an HMO or PPO) or other Medicare health plan that offers Medicare prescription drug coverage. You get all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage, and prescription drug coverage (Part D), through these plans. Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.” You must have Part A and Part B to join a Medicare Advantage Plan.
Joining a Medicare drug plan may affect your Medicare Advantage Plan
Your Medicare Advantage Plan (Part C) will disenroll you and you’ll go back to Original Medicare if both of these apply:
- Your Medicare Advantage Plan includes prescription drug coverage.
- You join a Medicare Prescription Drug Plan (Part D)
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What is Medicare Part D prescription drug insurance?
Who is eligible for Medicare Part D?
When can I enroll in Medicare Part D?
What happens if I don't enroll in Medicare Part D when I'm first eligible?
How do I choose a Medicare Part D plan?
Can I switch Medicare Part D plans?
Are all prescription drugs covered under Medicare Part D?
How much does Medicare Part D cost?
Can I get extra help paying for Medicare Part D?
How do I enroll in Medicare Part D?
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