Category: Enrollment Deadline
Tips for Enrolling in a Medicare Part D Plan
Key Dates for Medicare Part D Annual Enrollment Period
Plan Information Available:
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.
Enrolling in a Medicare Part D prescription drug plan (PDP) is an important process that requires time and research, but it shouldn’t be a difficult one if you’re prepared well in advance for any potential bumps in the road. Unfortunately, nine in 10 people wait until the last minute to select a plan. (more…)
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Choosing the Right Part D Plan From the Start
For most Americans, Medicare eligibility begins at age 65. So if you’re nearing or at that age, now is the time to consider what your future healthcare needs will be. (more…)
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