Friday, May 2, 2008

Health Insurance - Medicare Drug Plan Deadline

Insurance Medicare drug deadline

Time is running out to enroll in Medicare prescription drug coverage (Medicare Part D) or change plans for next year.

Medicare recruits only have until Sunday to sign up for coverage of prescription drugs. In addition, seniors who have already signed for a Medicare Part D plan can change plans until then. The changes to the plans are effective January 1.

-- Sickness beneficiaries who have coverage of prescription drugs which is considered at least as good as Medicare Part D (sometimes called "credit hedging"), are not enrolled.

Maintaining the elderly who "credible coverage" not face the end of the registration of sanctions if they decide to move to a Medicare Part D plan at a later date. However, those who do not have credible coverage which has not signed for a Medicare Part D plan in the initial open registration period will pay an extra $ 1.91 per month if they register at a date Later. In addition, the penalty increases another 1 percent every month they wait to register.

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