Based on the newly released national base Medicare Part D premium, the 2020 Part D Late-Enrollment Penalties will decrease for the third year in a row - although maximum penalties can reach up to $641 per year.
What is the Part D late enrollment penalty?
The late enrollment penalty is an amount that may be added to a person's monthly Part D premium. A person enrolled in a Medicare drug plan may owe a late e . . .
In 2016, the average monthly Medicare Part D base premium used to calculate the late-enrollment penalty will be $34.10, a 3% increase over the 2015 base premium of $33.13.
How is the late-enrollm . . .
If you have accrued a Medicare Part D late-enrollment premium penalty (LEP), you can expect to see a 2% increase in your 2015 penalty payment.How high of a late-enrollment penalty could someone pay in . . .
Please note the following updates:
The Part D base beneficiary premium for 2006 was $32.20
The Part D base beneficiary premium for 2007 was $27.35
The Part D base beneficiary premium for 2008 was . . .
On Tuesday, January 9, 2007, the Centers for Medicare and Medicaid Services (CMS) Office of Public Affairs issued a press release waiving the late enrollment monthly premium penalty (LEP) for all Medi . . .