Medicare Part D Penalty
Medicare Part D Penalty. Complete Medicare Resource Center here:
https://medicarebyjamie.com/ 941-505-7911
Best Medicare Supplement Plan: https://www.youtube.com/watch?v=WGqCG…
Medicare Plan F – Just Say NO: https://www.youtube.com/watch?v=0OE29…
Medicare Plan N – https://www.youtube.com/watch?v=vORbZ…
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QUICK AND EASY MEDICARE SUPPLEMENT QUOTES
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This video discusses the Medicare Part D Penalty. We you first become Medicare eligible you have to option of buying a Medicare prescription drug plan to help offset the cost of prescription drugs. If you do not purchase a prescription drug plan at this time there will be a penalty accessed if you choose to purchase a prescription plan at a latter date.
The penalty equates to 1% increase for each month you wait. This still may not make sense to purchase a prescription plan if you do not currently take expensive medications.
The Medicare Part D Penalty will be added to the regular premium you will pay for the prescription drug plan. Make sure to watch the video so you will understand how the Medicare Part D Penalty works and how to best manage it.
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