Creditable definition

Creditable means that the value of this Plan’s prescription drug benefit is, on average for all plan participants, expected to pay out as much as or more than the standard Medicare prescription drug coverage will pay.

Creditable means the drug coverage is expected to pay, on average, at least as much as Medicare’s standard prescription drug coverage.) For these members, the Part D late

Creditable means the drug coverage is expected to pay, on average, at least as much as Medicare’s standard prescription drug coverage.) For these members, the Part D late enrollment penalty is added to the plan’s monthly premium. Their premium amount will be the monthly plan premium plus the amount of their Part D late enrollment penalty.

Examples of Creditable in a sentence

• Medicare calls this “creditable drug coverage.” Please note:o Creditable coverage could include drug coverage from a former employer or union, TRICARE, or the Department of Veterans Affairs.

• Because your existing coverage is Creditable Coverage, you can keep this coverage and not pay a higher premium (a penalty) if you later decide to join a Medicare drug plan.

• Medicare calls this “creditable drug coverage.” Please note:○ Creditable coverage could include drug coverage from a former employer or union, TRICARE, or the Department of Veterans Affairs.

• Creditable prescription drug coverage is coverage that meets Medicare’s minimum standards since it is expected to pay, on average, at least as much as Medicare’s standard prescription drug coverage.

• Medicare calls this “creditable drug coverage.” Please note: o Creditable coverage could include drug coverage from a former employer or union, TRICARE, or the Department of Veterans Affairs.

More Definitions of Creditable

Creditable coverage shall mean coverage under one or more of the following types of health care coverage:

Creditable means that your prior coverage met Medicare’s minimum standards.

Creditable means the drug coverage is at least as good as Medicare’s standard drug coverage.) For these members, the Part D late enrollment penalty is added to the plan’s

Creditable means the drug coverage is expected to pay, on average, at least as much as

Creditable means that the value of this Plan’s prescription drug benefit is, on average for all plan participants,

Creditable it means that it has drug

Creditable means that the coverage you had before joining Humana met Medicare's minimum standards.