How will your TRICARE coverage work with your Medicare prescription drug plan?:QuickMedicareSupplement.com

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How will your TRICARE coverage work with your Medicare prescription drug plan?

How will your TRICARE coverage work with your Medicare prescription drug plan?

If you get TRICARE, your coverage will not get altered. If you decide that TRICARE drug coverage meets your requirements, you can prefer not to join a Medicare drug plan. You can keep your present coverage.

It will more or less always be to your benefit to keep your present coverage devoid of making any changes. An exception is if you meet the criteria for Medicare's extra help, you may benefit by applying for the extra help.

TRICARE prescription drug coverage is considered creditable drug coverage, which means it is at least as good as Medicare drug coverage. If you make your mind up that you want to join a Medicare drug plan after you are first qualified, you won't have to pay a late enrollment penalty if you join within 63 days of involuntarily losing your TRICARE coverage. If you don't lose your coverage and you want to join a Medicare drug plan, you must wait for a suitable enrollment period. You will not have to pay a late enrollment penalty.

If you have TRICARE coverage and you choose to disenroll from your Medicare drug plan, you get a special enrollment period to do so.

You should make contact with TRICARE before making any changes to your drug coverage.

Further Information:

Although you can have both TRICARE and a Medicare drug plan, the Medicare drug plan will always pay first for Medicare-covered drugs. TRICARE will then pay for TRICARE-covered drugs.

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