PENALTIES -WHAT YOU NEED TO KNOW
Many People do not understand the lifetime penalty resulting from failure to purchase Part D Medicare Prescription Drug Coverage. In General, At or after age 65 when you retire, going without Medicare part D prescription Drug plan or other creditable coverage for more than 63 days creates a lifetime penalty of 1% for each month without criditable coverage times the the Medicare base beneficiary premium, Employer group medical plans are required to report to each individual whether their prescription coverage is creditable.
If you want to see an example of how the penalty is calculated you can go to this site
REMEMBER THAT IF YOU HAVE A SUPPLEMENT YOU ARE NOT TIED TO THE ANNUAL ENROLLMENT PERIOD THAT BEGINS ON OCT 15, 2017 TILL DEC 7TH. THIS TIME IS FOR PART D PLANS AND MAPD PLANS ONLY.
Medicare Supplements are not tied to the Annual Enrollment period. What does this mean? It means you can purchase or change your Medicare Supplement any time of the year. Remember though that some Insurance companies underwrite ( ASK health questions) and if so you may not get coverge you want. Please call me with your questions. Every situation is unique to the person.
Providers & Suppliers
Report shows increased use of physician assistants
The percentage of physicians who use physician assistants in their practice has risen from 25% to 30% since 2012, according to a Jackson Healthcare report. Critical care medicine, emergency medicine and other hospital-based practitioners tended to use PAs, while women's health and pediatric practices were more likely to employ nurse practitioners. BeckersHospitalReview.com (7/9)S