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If the employer drug coverage was at least as good as the standard Medicare benefit ("creditable coverage"), the individual can avoid paying any late-enrollment penalties by enrolling in a plan within 63 days of being discontinued.
If the employer coverage ends on December 31, the individual can also enroll anytime during the Medicare Annual Election Period (November 15 through December 31) for coverage that begins on January 1.
For more information about enrolling in a plan, see I am new to Part D.
Your Guide to Part D:
PRESCRIPTION FOR A
HEALTHY NEST EGG
HEALTHY NEST EGG
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General Part D Information
Learn about the Medicare Part D benefit:
- What is Medicare Part D?
- Who is eligible for Medicare Part D?
- What are the different Medicare Part D plan options?
- How can I save more and delay the Coverage Gap longer?
- What do I need to know about prescription safety?
- Where can I find other useful resources?
My Current Situation
Get information for your specific circumstances:
