04/17/2026
4 ways to avoid the late enrollment penalty:
1️⃣ Know Your Initial Enrollment Period (IEP): Your IEP begins around your 65th birthday. Enrolling during this time helps sidestep late penalties for Parts B and D. Missing it may mean higher costs down the road.
2️⃣ Understand Special Enrollment Periods (SEPs): SEPs offer enrollment opportunities outside the standard periods due to life events like moving, changes in employment, or loss of other coverage.
3️⃣ Stay Covered with Creditable Prescription Drug Coverage:If you have other prescription drug coverage that's creditable, stick with it until you're ready to enroll in Medicare Part D. This helps avoid the Part D late enrollment penalty.
4️⃣ Explore Medicare Advantage (Part C): Consider a Medicare Advantage plan, which often includes Part D coverage. These plans may provide an alternative to standalone Part D plans and help you avoid late enrollment penalties.
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