Three ways to avoid the late enrollment penalty for Part D
(Prescription Drug Plan)
- Join a Medicare Prescription Drug Plan when you are first eligible for Part D.
- Do NOT go 63 days or more in a row without a Medicare drug plan or other creditable drug coverage.
Note: Your existing plan must tell you each year if your drug coverage is creditable coverage. They may send you this information in a letter, in a newsletter, or other piece of correspondence. Keep this information because you may need it if you join a Medicare drug plan later. - Tell your Medicare drug plan about any drug coverage you had if they ask about it.
Note: When you join a Medicare drug plan, the plan will send you a letter if it believes you went 63 days or more in a row without other creditable drug coverage. The letter will include a form asking about any drug coverage you had. Complete the form and return it to your drug plan by the deadline in the letter. If you don't tell the plan about your creditable drug coverage in a timely fashion, you may have to pay a monthly penalty.
Note: Medicare Insurance information can be overwhelming and confusing to many people. As an independent licensed agent I can explain things to you in simple terms so you feel comfortable making a decision. Then I can help you choose and enroll in a plan that you feel fits your needs.
By the way, it doesn’t cost you any more if you enroll in a Medicare Insurance plan through me as an independent agent versus directly with an insurance company either over the phone or via the Internet, since I get paid by the insurance companies for your enrollment. Plus you will have personalized service by a local agent. If you would like my assistance, please call me at 941-404-5334.
By calling this number, I understand I will be directed to a licensed insurance sales agent.