.
.
.
. . .
. . .
Q1 Medicare.com Click to Enter Your Drugs and Compare Medicare Part D Plans
Powered by Q1Group LLC Powered by Q1Group LLC.
Education and Decision Support Tools for the Medicare Community
.
.
. . .
. . .
. . .
.
. Home Contact Us Enroll . .
. . MAPD PDP 2015 FAQ Blog
.
. . .
. . . . . . .
.

How much will my penalty be?

Your penalty is calculated when you first join a Medicare drug plan. To estimate your penalty, take 1% of the national average premium for the plan year. 1% of the 2015 average premium is $0.33. The 2015 average premium and penalty amounts are under What you pay for a Medicare Prescription Drug Plan in 2015 - Part D. This page also shows the average premium and penalty amounts since 2007.

You would multiply the number of full months that you were eligible to join Medicare Part D but were not enrolled in a plan by $0.33. This is your estimated penalty amount, which is added each month to your Medicare drug plan’s premium for as long as you have a plan. So if you were eligible but did not enroll for a 12 month period, your monthly penalty would be an additional $3.96 per month on top of your plan’s premium.

If you qualify for extra help, the penalty will be different. For help figuring your penalty amount, call 1-800-MEDICARE (1-800-633-4227) or your State Health Insurance Assistance Program (see Other Important Medicare Contacts for their telephone number).


Additional Resources:

: : CMS Tip Sheet - Calculating the Late Enrollment Penalty
: : Other Late Enrollment Penalty Questions & Answers
: : More Examples and Discussion of the Late Enrollment Penalty (LEP)
: : How To Appeal the Medicare Part D Late Enrollment Penalty


(Primary Source: Centers for Medicare and Medicaid Services - Medicare and You Handbook. This content may have been added upon by Q1Group LLC to include further examples, explanations, and links.)
Click the +1 button if you have found this page useful:  



.
.
Find a
2014
Medicare Supplement
Enter Your ZIP Code:
age:
Gender: Male Female
Smoker: Yes No
Start Date for Coverage:
.
.


.
.

Medicare Supplements
fill the gaps in your
Original Medicare
1. Select Your State:


Quick Links
: : 2015 Part D PDP-Finder (Drug Only) Plan Finder
: : Compare 2014/2015 PDP plans
: : 2015 MA-Finder: Medicare Advantage Plan Finder
: : Compare 2014/2015 Medicare Advantage plans
: : 2015 Part D Drug Finder
: : Browse Any 2015 Plan Formulary
: : 2015 Browse Drugs By Letter
: : Find a 2015 Plan by Drug Costs
: : 2015 Part D plan Facts & Figures
: : Medicare Part D Reminder Service: 2016
.

.
Medicare PartD MAPD and PDP plan comparisons .

.
.
: : 2015 Medicare Part D Rx plans
: : PDP plan changes 2014 to 2015
: : 2015 Medicare Advantage plans
: : MA plan changes 2014 to 2015
: : Browse any 2015 Drug Formulary
: : Find a 2015 Medicare drug plan by drug cost
: : Compare Medicare Rx and Health plans by drug costs
: : Newsletter Sign-up
. . . .


.

:: Click here to link to this page on your website
.

    Follow Q1Medicare on Twitter
.

   
. .
. . .
. . .
.
.
What’s New Most Viewed Press . .
.
. . .
.
Sitemap About Us Privacy Policy Newsletter Sign-up Blog FAQ Contact Us Terms Of Use Newsroom
. Enroll in Medicare Part D © Q1Group LLC 2005 - 2014 . .
. . .
. . .
.
.
. .

.
.
.