If you’re eligible for Medicare but already have health insurance, you may be wondering whether you should keep it or switch. It’s important to understand what creditable coverage means, or you may ...

Creditable coverage refers to health insurance that offers at least as much coverage as Medicare. Not all people who qualify for Medicare are ready to enroll, as they may have other creditable ...

Here are two very important questions I ask clients who are over 65, still employed, and considering Medicare enrollment. One: “Is your prescription drug coverage considered to be creditable?” The ...

When Congress created the Part D benefit for Medicare beneficiaries, it also required group health plan sponsors and certain other entities to notify Medicare-eligible participants and the Centers for ...

The Inflation Reduction Act (IRA) made several changes to Medicare Part D that may impact whether employer-sponsored coverage will be creditable for the 2025 plan year. With open enrollment season ...

Dear Toni: I turned 65 in August the year before last, continued to work full time with an HSA that has a $3,000 deductible for medical claims paid by the insurance plan, and used a prescription ...

As you may recall Medicare Part D prescription Drug Coverage became effective in 2006. The first enrollment period for Medicare Part D began November 15, 2005 and ended May 15, 2006. In subsequent ...

Employers who provide prescription drug coverage are required to notify all Medicare-eligible employees about creditable or non-creditable status by October 15. With the onslaught of COBRA subsidy ...

Many of us would like to believe that by the time we hit 65 and are eligible for Medicare that we’ll be retired, but the reality of the situation is ...

I turned 65 in March 2012 and continued to work full time with excellent company benefits. I decided to delay Part B until December 1, 2014 when I have retired. I enrolled in a Medicare supplement ...

This question originally ran in 2018, but details have been added, altered slightly for simplicity, and the response has been updated for 2023 Medicare rules. I turned 65 in August the year before ...