I have Medigap, and my plan covers prescription drugs. Do I need to enroll in Part D?
If you have a Medigap policy that covers prescription drugs (i.e., Plan H, I, or J), you can keep your Medigap plan with the drug coverage or you can enroll in Medicare Part D – but you cannot have both. If you do enroll in Medicare Part D, you can still keep your Plan H, I or J, but the drug coverage will be removed from the Medigap policy and the premium will be adjusted to reflect the loss of the drug coverage. If you are thinking about keeping the Medigap drug coverage and not enrolling in a Medicare Part D plan, there are 2 things that you should think about. First, Medicare Part D will have greater dollar value than the prescription drug benefit in the Medigap plans. In Medigap, you pay the full premium, and the drug coverage is capped, meaning it will not provide coverage if you have very high drug bills. And, Medicare Part D will provide catastrophic coverage, which pays about 95% of drug expenses after you’ve spent a certain amount out of pocket. This can be very important for
Related Questions
- What do I need to know if I have a Medigap (Medicare Supplement Insurance) policy that covers prescription drugs and I have the Original Medicare Plan (Medicare Part A and Part B)?
- I have a Medigap plan that covers prescription drugs. Can I keep that plan and choose NOT to enroll in Medicares prescription drug coverage?
- I have a Medigap plan that covers prescription drugs. Can I keep that plan and also choose Medicares prescription drug coverage?
