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What is Creditable Prescription Coverage?

By May 10, 2023May 16th, 2023Medicare

Beginning January 1, 2006, Medicare beneficiaries will have the opportunity to receive subsidized prescription drug coverage through the new Medicare Part D program. Beneficiaries who choose not to sign up at the first opportunity may have to pay more if they wait to enter the program later after the open enrollment period. For more information click here.

The cost of the late enrollment penalty depends on how long you went without Part D or creditable prescription drug coverage. For more information click here.

Patricia Carrera

Author Patricia Carrera

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