You are here: Home Government ... Medicare: Part D Medicare Part D: ... If You Have Medigap ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Medicare Part D: How To Decide Whether To Take Medicare Part D

If You Have Medigap (Medicare Supplement Insurance)

Next » « Previous

3/7

You can keep your Medigap coverage.

If your policy doesn't cover drugs, it won't be affected.

If your policy does cover drugs:

  • You cannot also enroll in a Medicare drug plan.
  • If your drug coverage is as good as the Medicare drug coverage, the coverage is "creditable." You will not be penalized later if you drop the coverage and transfer to Medicare drug coverage. There are few plans that could qualify.
  • If your drug coverage is not as good as the Medicare drug coverage, it is not "creditable." If you later drop it, and pick up the Medicare drug coverage, you will be subjected to the penalty for late enrollment.

NOTE: New Medigap policies are no longer allowed to include drug coverage.


Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.