If Medicare’s contractor decides that your late enrollment penalty is correct, the Medicare contractor will send you a letter explaining the decision, and you must pay the penalty.As of now, researchers know that the coronavirus is spread through droplets and virus particles released into the air when an infected person breathes, talks, laughs, sings, coughs or sneezes. What happens if Medicare's contractor decides the penalty is correct? The plan will send you a letter that shows the correct premium amount and explains whether you'll get a refund. Your Medicare drug plan will remove or reduce your late enrollment penalty. If Medicare’s contractor decides that all or part of your late enrollment penalty is wrong, the Medicare contractor will send you and your drug plan a letter explaining its decision. What happens if Medicare's contractor decides the penalty is wrong? Or, for good cause, Medicare’s contractor may take an additional 14 days to resolve your case. The contractor will try to make a decision as quickly as possible. In general, Medicare’s contractor makes reconsideration decisions within 90 days. How soon will I get a reconsideration decision? Medicare drug plans can disenroll members who don't pay their premiums, including the late enrollment penalty portion of the premium. You must also pay the penalty even if you've asked for a reconsideration. Do I have to pay the penalty even if I don't agree with it?īy law, the late enrollment penalty is part of the premium, so you must pay the penalty with the premium. Also send any proof that supports your case, like a copy of your notice of creditable prescription drug coverage from an employer or union plan. You must do this within 60 days from the date on the letter telling you that you have to pay a late enrollment penalty. You may be able to ask for a "reconsideration." Your drug plan will send information about how to request a reconsideration.Ĭomplete the form, and return it to the address or fax number listed on the form. What if I don't agree with the late enrollment penalty? In general, you'll have to pay this penalty for as long as you have a Medicare drug plan. How do I know if I have to pay a penalty?Īfter you join a Medicare drug plan, the plan will tell you if you have to pay a penalty and what your premium will be. Martinez's monthly late enrollment penalty for 2023 Since the monthly penalty is always rounded to the nearest $0.10, she will pay $9.50 each month in addition to her plan’s monthly premium. Martinez was without creditable prescription drug coverage from August 2020–December 2022, her penalty in 2023 is 29% (1% for each of the 29 months) of $32.74 (the national base beneficiary premium for 2023) or $9.49 each month. Her Medicare drug coverage started January 1, 2023. She didn’t join a Medicare drug plan by July 31, 2020, and instead joined during the Open Enrollment Period that ended December 7, 2022. She doesn’t have prescription drug coverage from any other source. Martinez has Medicare, and her first chance to get Medicare drug coverage (during her Initial Enrollment Period) ended on July 31, 2020. The national base beneficiary premium may change each year, so your penalty amount may also change each year. The monthly premium is rounded to the nearest $.10 and added to your monthly Part D premium. Medicare calculates the penalty by multiplying 1% of the "national base beneficiary premium" ($32.74 in 2023) times the number of full, uncovered months you didn't have Part D or creditable coverage. The cost of the late enrollment penalty depends on how long you went without Part D or creditable prescription drug coverage. , you don't pay the late enrollment penalty. Learn how to avoid the late enrollment penalty. You’ll generally have to pay the penalty for as long as you have Medicare drug coverage. You may have to pay a late enrollment penalty if at any time after your Initial Enrollment Period is over, there's a period of 63 or more days in a row when you don't have Medicare drug coverage or other creditable prescription drug coverage The late enrollment penalty is an amount that can be added to your Medicare drug coverage (Part D) premium.
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