Question

Mr. Schultz was still working when he first qualified for Medicare. At that time, he had employer group coverage that was creditable. During his initial Part D eligibility period, he decided not to enroll because he was satisfied with his drug coverage. It is now a year later and Mr. Schultz has lost his employer group coverage within the last two weeks. How would you advise him?

Answer 1

I would advise Mr. Schultz to enroll in a Part D plan as soon as possible in order to avoid the late enrollment penalty.

He can enroll in a plan online, by phone, or in person. I would also advise him to compare different plans to ensure he selects the one that best meets his needs.

Additionally, he should review his plan's coverage and premiums, and make sure that it covers any medications he takes.

Finally, I would suggest he check if he qualifies for any low-income assistance programs or other forms of financial help to reduce his drug costs.