Tag - Prescription Drug Coverage

Doctor discussing how to avoid paying a penalty with your Medicare Drug Plan.

How do I avoid paying a penalty?

Join a Medicare drug plan when you’re first eligible or have other creditable prescription drug coverage at that time to avoid paying the penalty. Don’t go 63 days or more in a row without a Medicare drug plan or other creditable prescription drug coverage. Creditable prescription drug coverage could include drug coverage from a former employer or union, TRICARE, the Department of Veteran Affairs (VA), or the Indian Health Service. Your plan must tell you each year if your drug coverage is creditable to avoid paying [...]