![]() If you don't sign up, you will be charged a penalty of 1 percent of the national average premium cost for Part D coverage based on the number of months you didn’t have creditable prescription drug coverage. If you want prescription drug coverage it is mandatory that you sign up for Part D as soon as you are eligible for Medicare Parts A and B.If your employer plan doesn’t meet the minimum government requirements, you may consider signing up for Part D coverage. The letter is called a Letter of Creditable Coverage. If you have health insurance through your employer, you should receive an annual letter letting you know whether your health plan meets the minimum government requirements.While Medicare Part A and Medicare Part B are administered by the Centers for Medicare and Medicaid Services (CMS), Medicare Part C and Medicare Part D are managed by private. Each Medicare part covers different healthcare-related costs. Medicare’s website at has a benefit plan shopping tool where you can enter your prescription information to find the best plan formulary match for you. Medicare Parts A, B, C, and D are the four distinct types of coverage available to eligible individuals. You should review a plan’s formulary and compare prices for the prescription drugs you need when shopping for Part D coverage.Most Medicare Advantage (Part C) plans include Part D coverage. ![]() Part D Plans are optional coverage that may require a monthly premium, and possibly a deductible and/or copays for your medications.These plans have options that include Part D coverage. If you are enrolled in an HMO plan, you must choose a primary care doctor in either the Cedars-Sinai Medical Group or Cedars-Sinai Health Associates HMO provider networks and be referred to specialists within these groups. Cedars-Sinai and many of its physicians also participate in the Medicare Advantage PPO provider networks of the following insurers: Anthem Blue Cross, Blue Shield, UnitedHealthcare. If you receive benefits from a former employer or union trust, it’s possible a Medicare Advantage PPO benefit plan has been made available to you. AARP Medicare Advantage Secure Horizons Focus Plan (HMO-POS).AARP Medicare Advantage Secure Horizons Premier Plan (HMO-POS).AARP Medicare Advantage Rebate (HMO-POS).AARP Medicare Advantage Patriot Plan (HMO-POS).AARP Medicare Advantage Choice Plan 2 (PPO).AARP Medicare Advantage Choice Plan 1 (PPO). ![]()
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