Part D

Part D Late Enrollment Penalty

Late Enrollment The late enrollment penalty is an amount added to your Medicare Part D monthly premium. You may owe a late enrollment penalty if, for any continuous period of 63 days or more after your Initial Enrollment Period is over, you go without one of these: A Medicare Prescription Drug Plan (Part D) A…

Read article
Low- income Subsidy

Low-Income Subsidy — Medicare Extra Help Program What is the Medicare Low-Income Subsidy? Eligible beneficiaries who have limited income may qualify for a government program that helps pay for Medicare Part D prescription drug costs. Medicare beneficiaries receiving the low-income subsidy (LIS) get assistance in paying for their Part D monthly premium, annual deductible, co-insurance, and co-payments.…

Read article
Initial Enrollment – IEP

Enroll at the right time. Your Initial Enrollment Period ( IEP) is your first chance to enroll in Medicare. Your IEP is seven months long and includes the three months before you turn 65 , your birthday month and three months after your birthday. If you enroll before the month you turn 65, your coverage…

Read article
Medicare Basics

There are two main ways to get Medicare coverage: 1) You can choose Original Medicare ( Parts A and B), which is provided by the federal government . Original Medicare includes Part A for Hospital stays and Part B for Doctor visits, or you can choose a Medicare Advantage (Part C) plan from a private insurance company…

Read article