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Questions & Answers (FAQ)
The categories of Frequently Asked Questions (FAQs) can be found to the right. Simply click on one of the questions below or a category to the right.
| I do not belong to a Medicare Part D plan and actually pay for all of my own prescription drugs. Will I also get the $250 donut hole rebate payment? |
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No. If you have not enrolled in a Medicare Part D prescription drug plan, then you will not be eligible for the $250 Donut (or Doughnut) Hole rebate.
The $250 Doughnut Hole rebate is only available to people who are enrolled in a Medicare prescription drug plan and not receiving any financial Extra-Help.
Perhaps on the positive side, you will also never reach the doughnut hole since you will always be 100% responsible for the cost of your medications.
As a reminder, if you are currently eligible for Medicare, do not have some form of creditable prescription drug coverage (like VA coverage) and are not enrolled in a Medicare Part D plan - you may be subject to a late-enrollment premium penalty if you decide to join a Medicare Part D prescription drug plan.
We have more information on the Late-Enrollment penalty at this ling here: http://www.q1medicare.com/PartD-Penalties-Beyond-Open-Enrollment.php.
We also have a few Blogs on the Late-Enrollment Penalty: http://www.q1medicare.com/q1group/Blog.php?domain=&category_id=11
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Life Insurance plays an important role in your families financial stability.
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Enroll 2010
