Question

Which of the following statements about creditable prescription drug coverage is true?

a. Creditable coverage is drug coverage that pays, on average, at least as much as Medicare's standard drug coverage.
b. Beneficiaries who have another source of creditable drug coverage may avoid Late Enrollment Penalties.
c. Beneficiaries who maintain a source of creditable coverage may stay in that plan and are not required to enroll in Medicare Part D.
d. All of the above statements are true

Answer 1

The correct statement about creditable prescription drug coverage is option d. All of the above statements are true.

Step-by-step explanation:

The correct statement about creditable prescription drug coverage is option d. All of the above statements are true.

Creditable coverage refers to drug coverage that pays at least as much as Medicare's standard drug coverage on average.

Beneficiaries who have another source of creditable drug coverage can avoid Late Enrollment Penalties.

Furthermore, beneficiaries who maintain a source of creditable coverage are not required to enroll in Medicare Part D.