Can I still get coverage for part D Medicare if my plan is ending?

Yes, you can enroll in a new Part D plan during a Special Enrollment Period: You may qualify for a Special Enrollment Period if you have certain life-changing events, such as losing your employer-sponsored prescription drug coverage or moving to a new area where your current plan isn’t available. If you qualify for a Special Enrollment […]

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How can I get money for over the counter items while I’m on Medicare?

If you have a Medicare Advantage plan, you may be eligible for an over-the-counter (OTC) benefit that can help you pay for certain OTC medications and health-related items. The specific details of your OTC benefit will vary depending on your plan, but it may cover items such as: · Pain relievers (such as ibuprofen or

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Late Enrollment Penalties

Medicare late enrollment penalties are additional charges that Medicare beneficiaries pay if they delay enrolling in Medicare Part B (medical insurance) or Medicare Part D (prescription drug coverage) beyond their initial enrollment period. Part B late enrollment penalty If you delay enrolling in Part B for more than 12 months after you are first eligible, you

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Will I have a penalty to pay if I don’t have a drug plan while on Medicare?

Yes, you will pay a penalty if you don’t have a Medicare drug plan while you’re on Medicare, unless you have creditable drug coverage from another source. The penalty is called the Part D late enrollment penalty. The penalty is calculated by multiplying 1% of the national base beneficiary premium (also called the “base beneficiary

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