Client: You MUST continue to pay your Part B Premium.
You MUST have Part A and/ or Part B.
You are NOT required to enroll into a Prescription Drug Plan (PDP); however, if you do not elect to get one and do not have credible (Rx coverage as good as Medicare’s) you will be subject to a Part D Late Enrollment Penalty.
A stand-alone Medicare Prescription Drug Plan (PDP) or Rx coverage is for current needs. The pricing for PDP’s vary wildly!
Stand-alone Medicare Prescription Drug Plans are offered by Insurance companies and other private companies approved by Medicare.
All Medicare Drug Plans must at least give a standard level of coverage set by Medicare. These types of plans are NOT compatible with Medicare Advantage Plans with one exception… PFFS plans without Rx coverage.