Will my prescriptions be covered?

Original Medicare does not cover outpatient prescription drugs. If you do not have creditable prescription coverage through an employer/union, you will need to purchase Part D coverage from a private insurance company. If you have/want a Medicare supplement insurance plan you will need to purchase a standalone Prescription Drug Plan to cover your prescriptions. While many Medicare Advantage Plans include Part D Prescription coverage within the plan.

It is important to always either have creditable coverage or a Part D plan once you turn 65. If you are covered under an employer or spouse’s/partner’s employer plan, you will be notified if what you have is creditable coverage. If you will not have creditable coverage upon turning 65, you should enroll in a Part D plan. Skipping Part D enrollment means you will need to pay a lifetime monthly penalty if you ever do decide to enroll in Part D.