It depends on your employer insurance. Whether or not you can have the Medicare prescription drug benefit (Part D) in addition to your employer coverage depends on your employer plan. Check with your employer’s human resources office.

  • If your employer coverage will fill in the gaps in Medicare’s drug coverage, you can keep it and buy Medicare drug coverage as well. You will still have to eventually spend $5,000 (in 2018) dollars out-of-pocket for Medicare covered drugs before the more substantial Medicare coverage begins – catastrophic coverage.

Whether or not you should enroll in the Medicare drug benefit in addition to your employer coverage depends on the quality of your employer benefits, and whether or not your employer coverage will work with the Medicare drug benefit.