Enrolling in Medicare: What You Need to Know

Medicare Part D plan enrollment questions and answers

/ Author: 

(RxWiki News) Turning 65 years old and signing up for Medicare? Here's all you need to know about enrolling in a Medicare Part D plan.

For many, open enrollment can be confusing and frustrating. If that's you, don't worry. Your pharmacist is a great resource for you, especially when you're trying to choose a plan. 

Here are the top five questions you may have about enrollment:

1) How long does the enrollment period last?

From Oct. 15 to Dec. 7.

2) Is there a problem if I switch my Part D plan during the open enrollment period?

No. In fact, you can switch plans as many times as you need to, as long as it's done within the open enrollment period.

3) Are there any exceptions to the enrollment period?

Yes. You can switch your Medicare Part D plan in certain situations, such as if you qualify for extra help, if you're moving, etc. If you have Medicare Advantage, you can switch to another advantage plan or switch back to original Medicare coverage during the enrollment period.

In addition, if you qualify for both Medicare and Medicaid (dual-eligible), you can switch at any time.

4) What does it mean to be dual-eligible? And what does this mean for enrollment periods?

If you are dual-eligible, that means you qualify for both Medicare and Medicaid. Unlike those who are eligible for the standard Medicare Part D plan, you can switch your plan at any time of the year.

5) When do I begin to accrue a penalty if I don't enroll in a plan?

You will begin to accrue a penalty 63 days after your seven-month enrollment period. The seven months are broken down into the three months before your 65th birthday, the month of your birthday and three months after your 65th birthday.

If you have additional questions about enrolling in a Medicare Part D plan, ask your local pharmacist. Ask your pharmacist about the iMedicare solution, which can help you pick the most affordable plan.

Sponsored by iMedicare. 

Last Updated:
August 9, 2016