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Are There Penalties If I Choose Not To Enroll In Medicare Part D Plan?

I do not want to enroll in Medicare Part D for prescription drug coverage. If I don’t enroll will I have to pay a penalty?

Are There Penalties If I Choose Not To Enroll In Medicare Part D Plan?

Some senior citizens have been healthy all their lives. As they reach the age of 65 they are fit and active. Some may only see a doctor once a year for a check-up. When the time comes to enroll in Medicare will these people be penalized if they do not enroll in Medicare Part D for prescription drug coverage?

Are There Penalties If I Choose Not To Enroll In Medicare Part D Plan?

There are no penalties for the individual who chooses not to enroll in Medicare Part D. Medicare Part A is an automatic enrollment for those who qualify. Beyond the original Medicare it is up to the individual to decide if he wants to enroll in the Medicare Part or any of the Supplemental Insurance Plans. There are no penalties for deciding that he does not want something. That is true unless he changes his mind at a later date.

Will I Be Penalized If I Did Not Enroll In Medicare Part D When I Turned 65 But Want to Enroll Now?

Yes, if the individual does not enroll in Medicare Part D during his open enrollment period but later decides he wants to enroll in the Part D prescription drug coverage a penalty will be assessed. The penalty will be seen in the form of higher premiums for Medicare Part D. The longer the individual waits to enroll in Medicare Part D the higher the monthly premiums. It is usually best for an individual to enroll in Medicare Part D when first eligible to avoid higher premium costs later.



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