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Medicare Prescription Drug Plan: How to Understand It and Enroll

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Medicare Prescription Drug Plan: What is it and when to enroll
No question about it, the Medicare Prescription Drug Plan is complicated. To help you understand what the plan offers, how it works, and how to enroll, here are nine steps that may make the Medicare Prescription Drug Plan easier to understand.

What is the Medicare Prescription Drug Plan?
Basically, everyone with Medicare, regardless of income, health status, or prescription drug expenses, has access to this prescription drug coverage.

You are eligible to enroll in the Medicare Prescription Drug Plan program three months before or three months after you reach age 65. If you get Medicare because of a disability, you can join from three months before to three months after your 25th month of cash disability payments.

Questions about Medicare or the Medicare Prescription Drug Plan?
Call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) or visit Help With Prescription Drug Costs on the Social Security site. Tip: If you miss your enrollment period, your next opportunity will be from November 15 to December 31 of each year. Keep track of your eligibility dates, because if you miss them you may have to pay a penalty.

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