Medicare Open Enrollment Questions and Answers

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A good question. First, if you end up needing a medication such as an antibiotic and you didn’t have coverage, you would pay 100 percent of the cost. Second, and more important, every month that you don’t have creditable prescription drug coverage, you face a late enrollment penalty when you eventually do  get a plan. In 2017, that penalty will be $0.35 for every month you didn’t have drug coverage. Go two years without drug coverage and you’ll pay an extra $4.20 every month. That doesn’t sound like much, but the penalty amount increases every year and it will follow you for life.

Medicare Information and Plan Comparisons

While health care was not central to the 2016 Presidential campaign, the election’s outcome will be a major determining factor in the country’s future health care policy. A number of issues have garnered media attention, including the future of the Affordable Care Act (ACA), rising prescription drug costs, and the opioid epidemic.

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