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Anyone already receiving Medicare hospital insurance (Part A), medical insurance (Part B) or a Medicare Advantage plan (Part C) is eligible for prescription drug coverage (Part D). Joining a Medicare prescription drug plan is voluntary, and will cost you an additional monthly premium.

 

You may choose to wait to enroll in a Medicare Part D plan because you already have different prescription drug coverage, but waiting could cost you. If the current coverage you have is not, on average, at least as good as Medicare prescription drug coverage, you will pay a penalty if you wait to join. This penalty will be charged monthly for as long as you receive Medicare prescription drug coverage. )

 

For additional information regarding your Medicare options, consider the following:  RESOURCES

 

Cited Source:  The above statements, regulations, policies, procedures, forms, governance, or laws, are cited from "The U.S. Social Security Administration", "The Department of Social Security", and/or their agencies, departments, affiliates, and/or subsidiaries.  Any inaccuracies or misstatements should be brought to our attention immediately via the "Contact Us" link which can be found at the bottom of each page.

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