| Prescription drug coverage from an insurance plan other than Medicare Part D (e.g., union or employer health coverage for retirees) that pays out as much or more than Medicare's standard Part D prescription drug coverage. If someone has creditable coverage, they will be notified in writing by their plan provider. |
 Deductible |
| The amount of money that Medicare beneficiaries must pay out of pocket before they receive health plan benefits. An example is the $250 deductible for Medicare Part D in 2006. Deductible amounts typically change every year to reflect current health care costs. |
| Dual Eligibles |
| People who are eligible to receive both Medicare and Medicaid benefits. |
| Eligible Drugs |
| Prescription drugs that are listed on a formulary and covered by a Part D plan. |
| Formulary |
| A list of prescription drugs that are available through a prescription drug plan such as Medicare Part D. Some formularies contain several tiers with different price levels (e.g., for generic and non -generic brand drugs). |
| |
| Recommended Links: Creditable Coverage Medicare |
|
