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Medicare Basics for
Caregivers
Prescription Drug Coverage -
When to Enroll
To
pay the lowest possible monthly premium, a person must join a
Medicare drug plan when first eligible. If the person doesn't join
a Medicare drug plan when first eligible and goes without
creditable prescription drug coverage for 63 continuous days or
more, he or she may have to pay a late enrollment penalty to join a
plan later. (Creditable prescription drug coverage is drug coverage
from another source that is expected to pay, on average, at least
as much as Medicare's standard prescription drug coverage.)
(For more, click below on "Next Page.")
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