LEGAL NOTICES
When Will You Pay A Higher Premium (Penalty) To Join A Medicare Drug Plan?
You should also know that if you drop or lose your current coverage with Private Prep and don’t join a Medicare drug plan
within 63 continuous days after your current coverage ends, you may pay a higher premium (a penalty) to join a Medicare
drug plan later.
If you go 63 continuous days or longer without creditable prescription drug coverage, your monthly premium may go up by
at least 1% of the Medicare base beneficiary premium per month for every month that you did not have that coverage. For
example, if you go nineteen months without creditable coverage, your premium may consistently be at least 19% higher
than the Medicare base beneficiary premium. You may have to pay this higher premium (a penalty) as long as you have
For More Information About This Notice Or Your Current Prescription Drug Coverage… Medicare prescription drug coverage. In addition, you may have to wait until the following October to join.
Contact Adrienne de la Fuente for further information. NOTE: You’ll get this notice each year. You will also get it before the
next period you can join a Medicare drug plan, and if this coverage through Private Prep changes. You also may request
a copy of this notice at any time.
For More Information About Your Options Under Medicare Prescription Drug Coverage…
More detailed information about Medicare plans that offer prescription drug coverage is in the “Medicare & You”
handbook. You’ll get a copy of the handbook in the mail every year from Medicare. You may also be contacted directly by
Medicare drug plans.
- Visit www.medicare.gov For more information about Medicare prescription drug coverage:
- Call your State Health Insurance Assistance Program (see the inside back cover of your copy of the
“Medicare & You” handbook for their telephone number) for personalized help
- Call 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.
If you have limited income and resources, extra help paying for Medicare prescription drug coverage is available. For
information about this extra help, visit Social Security on the web at www.socialsecurity.gov, or call them at 1-800-772-1213
(TTY 1-800-325-0778).
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PRIVATE PREP BENEFITS GUIDE
LEGAL NOTICES
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