When can you join a Medicare drug plan?:QuickMedicareSupplement.com

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When can you join a Medicare drug plan?

When can you join a Medicare drug plan?

You can join from November 15, 2006 - December 31, 2006. In most cases, if you don't join by December 31, 2006, and at present you donít have a drug plan that, on average, covers at least as much as standard Medicare prescription drug coverage, you will have to pass the time in anticipation of 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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