Other Insurance + Medicare Part D

Here are the few details as to how other insurance works with Medicare Part D (Prescription drug coverage).

Medicaid: If you have Medicare and full Medicaid coverage, Medicare covers your Part D prescription drugs. Medicaid may still cover some drugs that Medicare doesn't cover.

Employer or union coverage: This is health coverage from your or your spouse's or other family member's current or former employer or union. If you have prescription drug coverage based on your current or previous employment, your employer or union will notify you each year to let you know if your prescription drug coverage is creditable. Keep the information you get. Call your benefits administrator for more information before making any changes to your coverage.

Note: If your join a Medicare drug plan, you, or your dependents may lose your employer or union health coverage.

COBRA: This is a federal law that may allow you to temporarily keep employer or union health coverage after the employment ends or after you lose coverage as a dependent of the covered employee. There may be reasons why you should take Part B instead of or in addition to COBRA coverage. However, if you take COBRA and it includes creditable prescription drug coverage, you'll have a Special Enrollment Period to join a Medicare drug plan without paying a penalty when the COBRA coverage ends.

Medicare Supplement Insurance (MEDIGAP) policy with prescription drug coverage: You may choose to join a Medicare drug plan because most Medigap drug coverage isn't creditable , and you may pay more if you join a drug plan later. Medigap policies can no longer be sold with prescription drug coverage, but if you have drug coverage under a current Medicare policy, you can keep it. If you join a Medicare Prescription Drug Plan, tell your Medigap insurance company so they can remove the prescription drug coverage under your Medigap policy and adjust your premiums.

Note: Keep any creditable prescription drug coverage information you get from your plan. You may need it if you decide to join a Medicare drug plan later.

For more information, call your insurance company.

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