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

Before taking a 63-day break from coverage, Mr. Schultz should enroll in a Part D plan to avoid having to pay a premium penalty.

What is the Plan D of Medicare?

The majority of outpatient prescription medicines are covered under Medicare Part D. Private businesses provide Part D as a stand-alone plan for people with Original Medicare or as a package of benefits bundled within Medicare Advantage Plan.

People who are 65 years of age or older typically enroll in Medicare as a form of insurance in order to receive medical help. Some prescription medications, hospital stays, and other healthcare costs are covered by Medicare.

According to the aforementioned scenario, Schultz lost his employer's group insurance coverage within the last two weeks. He must sign a part D plan to avoid paying a penalty for the payment.

Learn more about medicare here:

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