Creditable Drug Coverage
This relates to prescription drug coverage that is not part of a Medicare Advantage Plan or Medicare Part D standalone plan. In order to be deemed creditable, this drug coverage must be as good as the coverage available on Medicare. Once you have creditable coverage, it is possible to delay enrollment for Part D benefits and avoid paying a late enrollment penalty if you do decide to sign up at a later date.
Eric was happy with the creditable drug coverage he received because he felt it fulfilled all his needs.