Enrolling in Original Medicare means that you will have coverage for a variety of health services and supplies. The costs and specific benefits of Medicare coverage change each year so it is important to review your coverage every fall. You can make changes to your coverage every year from October 15 to December 7.
It is also important to learn about your benefits with Medicare and the different parts of Medicare so that you can decide if you'd like additional coverage for benefits not included under Original Medicare. Original Medicare, Part A and Part B, typically does not cover most prescription drugs. You may be able to get Medicare coverage for prescription drugs by receiving this benefit under a private health insurance contractor with Medicare.
Please note that you may be charged for a late-enrollment fee if you decide to sign up for a Medicare prescription drug plan after 63 days without creditable prescription drug coverage. Any other coverage plan, including an employer group coverage or a state pharmaceutical assistance prescription drug program, that provides the same coverage as a standard Medicare plan for prescription drugs is considered credible prescription drug coverage. Other prescription drug coverage providers must inform you if its plan is categorized as creditable.
Additional Prescription Drug Coverage Medicare Plans
Note that you are still responsible for the costs associated with your Medicare B premium even after selecting any of the additional prescription drug coverage plans under Medicare.
If you have Original Medicare, you can enroll in:
- A stand-alone Medicare Part D Prescription Drug Plan.
- A Medicare Supplement plan, also known as Medigap. This is offered in most states under 10 standardized plans that will cover different amounts of your Medicare Part A and Part B costs under plan rules.
If those options do not meet your needs, you can choose to enroll in a Medicare Advantage plan. A Medicare Advantage plan is a plan offered through a private Medicare-approved insurance company that will cover your Medicare Part A and Part B benefits and additional benefits such as prescription drug coverage.
Need Help Finding a Medicare Plan?
For help finding a Medicare plan, try our Medicare Cost Revealer. If you have any questions, please contact Medicare at any time at 1-800-MEDICARE (1-800-633-4227; TTY users 1-877-486-2048).