What do individuals need to know if they have the Original Medicare Plan (Medicare Part A and Part B) and don’t have prescription drug coverage?
To have Medicare help pay for drugs, they must join a plan that provides Medicare prescription drug coverage. They can first join a drug plan from November 15, 2005 – May 15, 2006. In most cases, if they don’t join during this period, the next chance to join will be November 15, 2006 – December 31, 2006, and they will have to pay a penalty. This means paying a higher monthly premium for as long as they have Medicare prescription drug coverage.
Related Questions
- What do individuals need to know if they have the Original Medicare Plan (Medicare Part A and Part B) and don’t have prescription drug coverage?
- What is the difference between Medicare Advantage prescription drug (MA-PD) coverage and prescription drug plan (PDP) coverage?
- What is the difference between Medicare Advantage prescription drug (MAPD) coverage and prescription drug plan (PDP) coverage?
