Choosing a Medicare drug plan (Medicare Part D) requires evaluating more factors than just the cost of the monthly premium.Read more
The Medicare Drug Benefit Deadline Is May 15
- May 10th, 2006
The deadline for signing up for the Medicare Drug Benefit is fast approaching. Although some members of Congress are calling for legislation to extend the deadline, no action has been taken, so the deadline remains May 15, 2006. People who do not currently have "creditable coverage" (drug coverage at least as good as Medicare's) from another insurer and who wish to sign up for the drug benefit must sign up by May 15, 2006, or pay a penalty. For every month you delay enrollment past May 15, the premium will increase at least 1 percent. The penalty for 2006 will be $2.24 a month added to future premiums. The penalty will continue to increase for each additional month after 2006 that the beneficiary does not enroll.
For an article by the Center for Medicare Advocacy on "Coping with the Medicare Part D Enrollment Deadline, click here.
For more information on the drug benefit, click here.
Local Elder Law Attorneys in Ashburn, VA
The Estate Planning & Elder Law Firm PC
Bill founded The Estate Planning & Elder Law Firm, P.C. in 1994. Bill limits his practice to the areas of estate planning and administration, incapacity planning, Medicaid, asset protection planning, and elder law. He is one of (15) fifteen attorneys practicing in Virginia, Maryland and the District of Columbia, ce...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...