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Will Medicare let me keep my drug coverage with my employer?

Dr. Michael Roizen, MD
Internal Medicine

Medicare will let you keep your drug coverage with your former employer. In essence, you could double up on coverage and in theory have all of your prescription costs met.

 

Compare your current drug coverage to what you’d get with Medicare. If what you have is more comprehensive and covers more than Medicare, perhaps you should stay put. If you later decide to switch to Medicare drug coverage, you shouldn’t have to pay a late enrollment penalty.

 

Expect the cost and coverage of your Medicare plan to change each year, so compare the coverage with what you currently have to make sure you have the best coverage at the lowest cost.


 

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.