What is the definition of “creditable coverage” for Medicare Part D?
If a beneficiary has other sources of drug coverage through a current or former employer or union, they may choose not to enroll in the Medicare Part D. If their other coverage matches the new Medicare drug benefit (thus considered “creditable coverage”), they can continue the current plan to avoid higher payments. Refer to www.cms.hhs.gov/medicarereform/CCguidances.asp for creditable notices.
