Question

Mr. Schultz was still working when he first qualified for medicare. At that time, he had employer group coverage that was creditable. During his initial part d eligibility period, he decided not to enroll because he was satisfied with his drug coverage. It is now a year later and mr. Schultz has lost his employer group coverage within the last two weeks. How would you advise him?.

Answer 1

Mr. Schultz should sign up for a Part D plan to avoid paying a premium penalty, Before taking a 63-day gap from coverage.

What is medicare?

Medicare is the kind of the insurance taken by the people who are at the age of 65 or above it in order to have the medical assistance. Medicare covers some prescription medicines, hospital stays, and other healthcare expenses.

According to the above scenario, Within the past two weeks, Schultz has lost his employer's group insurance coverage he must sign part D plan to avoid paying penalty of the premium.

Learn more about Medicare here:

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