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Question about part D

DonP

Guru
1000 Post Club
4,389
I have a person retiring. She’s 67 and signed up for part A 2 years ago. We just got her part B for a June 1st effective date . I’ll get her on a plan for June 1st . My question is will the part D carrier send her a penalty letter asking her for proof she had credible coverage like she had to provide a credible coverage letter for Part B?
 
I have a person retiring. She’s 67 and signed up for part A 2 years ago. We just got her part B for a June 1st effective date . I’ll get her on a plan for June 1st . My question is will the part D carrier send her a penalty letter asking her for proof she had credible coverage like she had to provide a credible coverage letter for Part B?
The will send an addistion form, just need to sign and send in or go online to the pdp site and do it there
 
I have a person retiring. She’s 67 and signed up for part A 2 years ago. We just got her part B for a June 1st effective date . I’ll get her on a plan for June 1st . My question is will the part D carrier send her a penalty letter asking her for proof she had credible coverage like she had to provide a credible coverage letter for Part B?
Several years ago my first Part D carrier did request it, but I was able to provide it over the phone to a carrier rep. No idea what happens today.
 
So, they don’t need a letter of creditability? They just sign the letter that the insurance company sends, asking them if they’ve had coverage, and that’s it?
 
So, they don’t need a letter of creditability? They just sign the letter that the insurance company sends, asking them if they’ve had coverage, and that’s it?
Yes, that's been my experience. It's a self attestation.
 
It’s an attestation that either can be done over the phone or on the form they send. It has to be done within 60 days or a penalty will occur. It’s a mess to get the penalty off if they don’t do this within 60 days. Then you are fighting with a third party and it takes three months with proof of creditable coverage. I’ve had to help many get their LEP off their record. Some can get a big credit back if they paid for years

Just found out the basic standard drug plan for 2025 will be 290.00 deductible, 25% coinsurance up to 2k max. My estimation is a cost of 37.00 35.00 CMS bench mark plus 6% That’s my educated guess. We may see carriers offer a couple of choices for a higher premium
 
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