Ep. 244 - The dreaded ”lifetime late enrollment penalty”; don‘t let it snag you!

Anything that combines "penalty" with "lifetime" is something to be avoided like the plague! Is your drug coverage considered to be "creditable"? Ask your employer or the plan administrator, they are obligated to inform you about the plan's status.

If your coverage is considered creditable, you may keep it as long as you like without risk of being ensnared by the hated lifetime penalty.

(Most severe critic: A)  

Inspired by "MEDICARE FOR THE LAZY MAN; Simplest & Easiest Guide Ever! (2021)" on Amazon.com. Return to leave a short customer review & help future readers.

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