Medicare Drug Plan


My understanding is that Medicare requires that the only drug plan
allowed for Medicare participants is the Plan D benefits. Yet some
employers still allow retirees over 65 to continue participating in
their health plan which can have very attractive drug benefits - much
more so than the Plan D.
I assume there is some exception in Medicare for this. Does anyone
know the specifics?
Reply to
HW "Skip" Weldon
In article ,
If your employer/union prescription plan has been judged equal or better than Part D (the Medicare word is creditable) then you may continue in that plan and not pay a penalty should you later join Part D. Your employer/union plan will have a statement in it about equivalence to Part D.
The booklet Medicare and You (mailed to Medicare recipients and available at medicare.gov) has more details on page 71
Reply to
Avrum Lapin

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