Governmental Regulations Informative - Drugs for the Drugless

Review by 102978 on 2009-09-08
ANYTOWN, MARYLAND -- Why must individuals purchase a drug insurance plan when they do require any drugs? For those of you familiar with Medicare, you know that all persons applying for Medicare Part A, and Part B are "encouraged" also to purchase Part D drug insurance. I was told by one company just don't buy it. But most others have told me that I will be penalized 1% a month (by the government) if I don't purchase it when I am first eligible for it. That's 12% a year. Why the penalty for being healthy? I am aware that I may in the future become drug dependent and need it. However, people may change plans freely every Nov/Dec. Anyone else in the same boat? I'd like to hear from you.
Comments:2 Replies - Latest reply on 2009-09-10
Posted by Anonymous on 2009-09-09:
You should probably contact the SS Administration directly to find out for sure before relying on what somebody told you.
Posted by Anonymous on 2009-09-10:
I checked and the penalty reports are true, the wording (as with anything written in Governmentese) is difficult. But it does say that if the enrollee does not enroll when he/she first becomes eligible, a penalty (monthly 1%) will apply forever. As I read it, the monthly penalty could change over time, up or down. Hey! it's just money! my money!

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