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Thread: Medicare Part D (i.e. drug benefit)

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  1. #8
    Join Date
    Apr 2002
    Location
    Washington, DC USA
    Posts
    1,850
    There is financial assistance available for premiums from Social Security under the following guidlines:
    -Income below $14,355/year single and $19,245/year married
    -Assets below $11,500 single and $23,000 married
    -Contact the Social Security Administration at 1-800-772-1213 or www.socialsecurity.gov

    People should really be encouraged to sign up for any plan. There is a late-comer penalty if people do not register by May 1, 2006. The penalty is 1% for each month they are not registered. For people who already have drug benefits (i.e. retiree benefits from their company), they should be able to stay with their current plan. But they need to check with their plan adminstrator to make sure the plan is consider equivalent and they will not suffer any penalties.
    Last edited by emily_the_spoiled; 10-20-2005 at 02:54 PM.

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