I am covered by Medicare, but I don’t take any medications. Is it necessary to sign up for a drug plan?
You’re not required to enroll in a Medicare Part D drug plan when you first become eligible, but if you delay and don’t have other creditable drug coverage, you could face a late enrollment penalty when you do sign up. The penalty applies if you go 63 or more days without Part D or creditable […]
What’s the late enrollment penalty for Medicare Part D, and when does it take effect?
If you don’t enroll in a Part D prescription drug plan or Medicare Advantage plan with Part D coverage when first eligible, you may face the Part D late enrollment penalty. This penalty is added to your monthly Part D premium and remains permanently once incurred. You’ll be assessed this penalty if you go without […]