What is the Medicare Prescription Drug Benefit, and when can Medicare beneficiaries enroll?
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA) provides elderly and disabled people on Medicare access to prescription drug coverage from private prescription drug plans. Medicare beneficiaries can choose from two or more drug plans in their area. People who choose to enroll in a drug plan pay a monthly premium to receive prescription drug benefits, and deductible and copayment costs may also apply. Assistance with paying premiums, deductibles and copayments is available to low-income beneficiaries. For an overview of the Medicare Prescription Drug Benefit, please see the Kaiser Family Foundation’s fact sheet The Medicare Prescription Drug Benefit. The initial enrollment period ended May 15, 2006. The next opportunity to enroll will occur between November 15 and December 31, for enrollment beginning January 1st of the following year. You may also enroll within 63 days after you first become eligible for Medicare and do not have coverage at least as gen
Related Questions
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- What is the Medicare Prescription Drug Benefit, and when can Medicare beneficiaries enroll?
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