I’m turning 65 later this year. When can I enroll in Medicare Part D?

Key Dates for Medicare Annual Enrollment Period

Plan information available:

October 1

Enrollment begins:

October 15

Enrollment ends:

December 7

Note: The late enrollment penalty is 1% of the national average premium for every month you were without Part D prescription drug coverage or other creditable prescription drug coverage following your initial enrollment period, or if you had a break in creditable prescription drug coverage of 63 or more consecutive days. Creditable prescription drug coverage (for example, from an employer or union) means that it is expected to pay, on average, as much as Medicare’s standard prescription drug coverage. You will pay this late enrollment penalty for as long as you have Part D coverage.

If you are turning 65 later this year and need prescription drug coverage for the remainder of the year, you should begin researching plans that offer Part D coverage now. You have an initial enrollment period that lasts 7 months. You can enroll up to 3 months before your birth month, the month of your birth, and up to 3 months following your birth month. In general, you can begin researching plans for the following year on October 1 when plan details become available.

Posted on: August 27, 2014
Vice President of Medicare Solutions

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