Part D Non-Creditable Coverage
Options if your Employer Drug Plan is
Not Creditable for Medicare Part D
4 Options for those that no longer have creditable drug coverage
Higher Income?
If your income is above Medicare’s standard Income level, you pay a monthly surcharge on a Part D plan. You pay plan premium + surcharge.
Late Enrollment Penalty?
If you do not transition to a plan that has creditable Part D coverage, you will be assessed a Late Enrollment Penalty when you enroll in the future.
Want to keep your Non Creditable Group Health Plan?
Review how to calculate breakeven on adding Part D now or paying a penalty later.