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