Frequently Asked Questions about Late-Enrollment Penalty (LEP)

Your Medicare Part D late-enrollment penalty is calculated as the number of months you are without some form of "creditable" prescription drug coverage multiplied by 1% the annual base Medicare Part D . . .

In general, "creditable" prescription drug coverage is at least as good as basic Medicare Part D prescription drug coverage or is expected to pay on average as much as the standard Medicare prescrip . . .

Yes.  If you are eligible for Medicare Part A and/or Medicare Part B (because you are 65 or have a disability), you are also eligible to enroll in a Medicare Part D prescription drug plan or Medi . . .

The Centers for Medicare and Medicaid Services (Medicare or CMS) is the only entity authorized to calculate the amount of a beneficiary’s late-enrollment penalty (or LEP). The LEP is assessed . . .

Probably not.  Before the start of the Medicare Part D program, Medicare Supplement "Plan H”, “Plan I”, and “Plan J” were available and included some form of drug co . . .

Forever, except for a few situations.  The late-enrollment premium penalty is permanent for most people over 65 and you will pay the penalty as long as you are enrolled in a Medicare Part D presc . . .

Join a Medicare Part D plan (PDP) or Medicare Advantage (MAPD) in your new area or region.  You will not be penalized for moving to a new Medicare Part D Region and join a Medicare drug plan . . .

Your question is one that many people are also asking. In theory, if you drop Medicare Part D coverage, you will pay an increased premium based on each month that you are without Medicare Part D cover . . .

If you don’t sign up for Part B when you’re first eligible, you may have to pay a late-enrollment penalty for as long as you have Medicare. Your monthly premium for Part B may go up 10% for each full 12-month period that you could have had Part B, but didn’t sign up for it.

No, but . . .  you may pay a higher premium each month due to your late enrollment penalty.  The Medicare Part D program is voluntary and you are not required to join a drug plan during your . . .

The Medicare Part D late enrollment premium penalty (LEP) is an additional cost you will pay every month because you did not enroll into a Medicare Part D prescription drug plan when you were initiall . . .

No.  You are not responsible for a late-enrollment penalty (LEP) if you are now eligible for the Medicare Part D Extra Help or Low-Income Subsidy (LIS) program.   However, you may still . . .

In general, "creditable" prescription drug coverage is considered by Medicare to be "as generous as, or more generous than" (or at least as good as) standard Medicare Part D prescription drug coverage . . .

No.  When you turn 65, you can use your second initial enrollment period (IEP2) to join a Medicare Part D plan and you will not be assessed any late-enrollment penalty that you may have accrued . . .

Yes, if you have been without "creditable" prescription drug coverage after you are Medicare eligible, you can be assessed a permanent, late-enrollment premium penalty once you decide to join a stand- . . .

In general, "creditable" prescription drug coverage is considered by Medicare to be "as generous as, or more generous than" (or at least as good as) standard Medicare Part D prescription drug coverage . . .

The Medicare Part D late enrollment premium penalty (LEP) is an additional cost you will pay every month because you did not enroll into a Medicare Part D prescription drug plan when you were initiall . . .

Forever, except for a few situations.  The late-enrollment premium penalty is permanent for most people over 65 and you will pay the penalty as long as you are enrolled in a Medicare Part D presc . . .

No, but . . .  you may pay a higher premium each month due to your late enrollment penalty.  The Medicare Part D program is voluntary and you are not required to join a drug plan during your . . .

No.  When you turn 65, you can use your second initial enrollment period (IEP2) to join a Medicare Part D plan and you will not be assessed any late-enrollment penalty that you may have accrued . . .

Yes.  If you are eligible for Medicare Part A and/or Medicare Part B (because you are 65 or have a disability), you are also eligible to enroll in a Medicare Part D prescription drug plan or Medi . . .

Probably not.  Before the start of the Medicare Part D program, Medicare Supplement "Plan H”, “Plan I”, and “Plan J” were available and included some form of drug co . . .

Your Medicare Part D late-enrollment penalty is calculated as the number of months you are without some form of "creditable" prescription drug coverage multiplied by 1% the annual base Medicare Part D . . .

No.  You are not responsible for a late-enrollment penalty (LEP) if you are now eligible for the Medicare Part D Extra Help or Low-Income Subsidy (LIS) program.   However, you may still . . .

Yes, if you have been without "creditable" prescription drug coverage after you are Medicare eligible, you can be assessed a permanent, late-enrollment premium penalty once you decide to join a stand- . . .

In general, "creditable" prescription drug coverage is at least as good as basic Medicare Part D prescription drug coverage or is expected to pay on average as much as the standard Medicare prescrip . . .

If you don’t sign up for Part B when you’re first eligible, you may have to pay a late-enrollment penalty for as long as you have Medicare. Your monthly premium for Part B may go up 10% for each full 12-month period that you could have had Part B, but didn’t sign up for it.

The Centers for Medicare and Medicaid Services (Medicare or CMS) is the only entity authorized to calculate the amount of a beneficiary’s late-enrollment penalty (or LEP). The LEP is assessed . . .

Your question is one that many people are also asking. In theory, if you drop Medicare Part D coverage, you will pay an increased premium based on each month that you are without Medicare Part D cover . . .

Join a Medicare Part D plan (PDP) or Medicare Advantage (MAPD) in your new area or region.  You will not be penalized for moving to a new Medicare Part D Region and join a Medicare drug plan . . .