Is VA prescription drug coverages considered creditable?

 

Yes, VA prescription drug coverage is considered creditable. This means that if you have VA prescription drug coverage, you can delay Medicare Part D enrollment without incurring a late enrollment penalty.

Creditable prescription drug coverage is coverage that is at least as good as the standard level of coverage offered by Medicare Part D plans. VA prescription drug coverage meets or exceeds this standard.

If you are enrolled in VA prescription drug coverage and you decide to enroll in Medicare Part D later, you will not be penalized for late enrollment. You will be able to enroll in Medicare Part D during any open enrollment period.

However, it is important to note that VA prescription drug coverage may not meet all of your needs. For example, VA prescription drug coverage may not cover all of the medications that you need, or it may have higher copayments than a Medicare Part D plan. Therefore, it is important to compare the coverage and costs of VA prescription drug coverage to Medicare Part D plans before you make a decision about which coverage to choose.

If you have any questions about VA prescription drug coverage or Medicare Part D, you should talk to a VA counselor, Medicare representative or  click this Permission to Contact link and a licensed agent will be in contact or you may call 954-532-8711 To speak with a licensed agent.