Creditable Prescription Drug Coverage
Medicare Glossary
Prescription drug coverage that is expected, on average, to pay at least as much as Medicare's standard prescription drug coverage. If you are enrolled in a creditable prescription drug plan you are generally eligible to keep it without having to pay a penalty if you decide to enroll in Medicare prescription drug coverage at a later date.
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This content is for educational purposes only and does not constitute a recommendation of any specific Medicare plan. Benefits, costs, and availability vary by plan and location. For complete information about your Medicare options, visit Medicare.gov or call 1-800-MEDICARE (1-800-633-4227), TTY: 1-877-486-2048, available 24 hours a day, 7 days a week.
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