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

• Creditable Coverage Coverage is creditable if the actuarial value of the coverage equals or exceeds the actuarial value of standard Medicare prescription drug coverage, as demonstrated through the use of generally accepted actuarial principles and in accordance with CMS actuarial guidelines.

• NEGOTIATIONS MILL LOCALS AND CONTRACT CHANGE8 ADMINISTRATIVE STATEMENT (Page 179) Workers' Compensation Creditable Service The first will be amended by adding the following: The above period may be extended by a maximum of months providing the disabled employee submits a medical certificate indicating that he is likely to return to active employment during that extension period.

• Prescription Drug Coverage and Medicare: This benefit, for purposes of Creditable Coverage, is actuarially equal to or greater than the Medicare Part D prescription drug benefit.

More Definitions of Creditable

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

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

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

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

Creditable it means that it has drug

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