What are my options if I have a Medicare supplement plan with prescription drug benefits?
If your Medicare supplement plan has prescription drug coverage, you may do one of three things: Choose to keep your current Medicare supplement plan by doing nothing. Enroll in a Medicare-approved prescription drug plan and then have the prescription drug benefit portion of your current Medicare supplement plan removed. Your Medicare supplement premium will be adjusted accordingly. Enroll in a Medicare-approved prescription drug plan and change to another Medicare supplement plan. Please review your options carefully. You may incur a government-imposed late enrollment penalty if you choose to enroll in a Medicare-approved prescription drug plan after the enrollment period ends.
