Medicare Part D

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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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

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