How Do I Sign Up
How Do I sign Up?
Joining a Part D plan is voluntary. However, there are consequences if a Medicare beneficiary does not enroll in a drug plan when they first become eligible for Medicare. The consequence is a late enrollment penalty that accrues overtime. This late enrollment penalty continues to grow in dollar amount the longer the beneficiary continues without enrolling in a drug plan. This penalty is calculated and added to any future premiums for Medicare coverage in the future.
The only exception to this is if you have other prescription drug coverage outside of Medicare that is as good as Medicare’s. This includes coverage from a current or former employer or if you receive benefits through Medicaid.
There are two ways to enroll in Medicare Part D:
Through a stand-alone plan or PDP for short. This plan is just a drug plan. Nothing more. You will pay a premium for this plan in addition to any premiums that you may pay for your original Medicare (Part A and Part B).
Through a Medicare Advantage plan with prescription drug coverage or MAPD for short. Medicare Advantage plans (Medicare Part C) combines all the benefits of original Medicare plus additional benefits like dental, vision, hearing and prescription drug coverage.
There are two ways to enroll in a Medicare prescription drug plan: through a standa-alone plan (PDP) or through a Medicare Advantage plan.