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…

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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.…

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Medicare Choices

Medicare is not a “one size fits all” . It is important to understand the basics so you can choose wisely. Your choices include: 1) Original Medicare , which includes hospital stays (Part A) and doctor visits (Part B) 2) Original Medicare with a stand-alone prescription drug plan drug plan (Part D) and /or a…

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