Creditable prescription drug coverage

What is Creditable prescription drug coverage?

Creditable prescription drug coverage meaning

Prescription drug coverage (for example, from an employer or union) that's expected to pay, on average, at least as much as Medicare's standard prescription drug coverage. People who have this kind of coverage when they become eligible for Medicare can generally keep that coverage without paying a penalty, if they decide to enroll in Medicare prescription drug coverage later.

 

reference: Glossary of Medicare program

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