Frequently Asked Questions about Late-Enrollment Penalty (LEP)

Aug, 04 2024 — If you did not enroll into a Medicare Part D prescription drug plan during your Initial Enrollment Period (IEP) and you did not have other creditable prescription drug coverage (like VA benefits or e . . .

Aug, 04 2024 — Your Medicare Part D late-enrollment penalty is calculated by multiplying the number of months you were without some form of "creditable" prescription drug coverage by 1% of the annual base Medicare Part D premium ($34.70 in 2024).

Aug, 07 2024 — In general, "creditable" prescription drug coverage is drug coverage at least as good as basic Medicare Part D prescription drug coverage or is expected to pay on average as much as the standard Med . . .

Jun, 04 2024 — 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 prescri . . .

Aug, 03 2024 — 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 (LEP). The LEP is assessed as . . .

Dec, 11 2024 — Forever, except for a few situations.  The late-enrollment premium penalty (LEP) is permanent for most people over 65 and you will pay the penalty as long as you are enrolled in a Medicare Part D . . .

Oct, 22 2024 — Your question is one that many people are also asking. If you drop your Medicare Part D coverage now, when you do decide to enroll in a Part D plan, you will pay an increased monthly premium based on . . .

Jul, 01 2024 — One of the few requirements when enrolling in a Medicare Part D plan (PDP) or Medicare Advantage (MAPD) is that you live in the plan's Service Area.  So when you permanently move your residence o . . .

Aug, 03 2024 — 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 . . .

Apr, 20 2024 — 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.

Nov, 13 2024 — No.  You are not responsible for a late-enrollment penalty (LEP) if you  become eligible for the Medicare Part D Extra Help or Low-Income Subsidy (LIS) program. However, you may still be . . .

Jul, 03 2024 — 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 . . .

Aug, 04 2024 — 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 . . .

Oct, 28 2024 — 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 . . .

Apr, 20 2024 — 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- . . .

Aug, 03 2024 — You will pay a Part D late-enrollment penalty in the same way you would pay your Medicare plan's monthly premium (direct-bill or Social Security check deduction), unless your premium and penalty excee . . .

Dec, 11 2024 — Forever, except for a few situations.  The late-enrollment premium penalty (LEP) is permanent for most people over 65 and you will pay the penalty as long as you are enrolled in a Medicare Part D . . .

Nov, 13 2024 — No.  You are not responsible for a late-enrollment penalty (LEP) if you  become eligible for the Medicare Part D Extra Help or Low-Income Subsidy (LIS) program. However, you may still be . . .

Oct, 28 2024 — 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 . . .

Oct, 22 2024 — Your question is one that many people are also asking. If you drop your Medicare Part D coverage now, when you do decide to enroll in a Part D plan, you will pay an increased monthly premium based on . . .

Aug, 07 2024 — In general, "creditable" prescription drug coverage is drug coverage at least as good as basic Medicare Part D prescription drug coverage or is expected to pay on average as much as the standard Med . . .

Aug, 04 2024 — 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 . . .

Aug, 04 2024 — If you did not enroll into a Medicare Part D prescription drug plan during your Initial Enrollment Period (IEP) and you did not have other creditable prescription drug coverage (like VA benefits or e . . .

Aug, 04 2024 — Your Medicare Part D late-enrollment penalty is calculated by multiplying the number of months you were without some form of "creditable" prescription drug coverage by 1% of the annual base Medicare Part D premium ($34.70 in 2024).

Aug, 03 2024 — 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 . . .

Aug, 03 2024 — You will pay a Part D late-enrollment penalty in the same way you would pay your Medicare plan's monthly premium (direct-bill or Social Security check deduction), unless your premium and penalty excee . . .

Aug, 03 2024 — 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 (LEP). The LEP is assessed as . . .

Jul, 03 2024 — 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 . . .

Jul, 01 2024 — One of the few requirements when enrolling in a Medicare Part D plan (PDP) or Medicare Advantage (MAPD) is that you live in the plan's Service Area.  So when you permanently move your residence o . . .

Jun, 04 2024 — 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 prescri . . .

Apr, 20 2024 — 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- . . .

Apr, 20 2024 — 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.