Should you join a Medicare drug plan even if you don't take many prescription drugs?:QuickMedicareSupplement.com

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Should you join a Medicare drug plan even if you don't take many prescription drugs?

Should you join a Medicare drug plan even if you don't take many prescription drugs?

You must still consider joining a Medicare drug plan for 2007. As we grow old, most people need prescription drugs to stay fit. For the majority people, joining between November 15 and December 31 means you will pay the lowest possible monthly premium. If you don't join a plan by December 31, 2006, and you don't presently have a drug plan that, on average, covers at least as much as standard Medicare prescription drug coverage, you will have to wait until November 15, 2007 to join. When you do join, your premium cost will go up at least 1% per month for every month that you wait to join. Like other insurance, you must pay this penalty as long as you have Medicare prescription drug coverage. If you join by December 31, 2006, your coverage will begin January 1, 2007.

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