March 16, 2007, Newsletter Issue #68: Sign Up For Medicare Part D

Tip of the Week

Open enrollment for the government's drug plan for seniors runs from Nov. 15 to Dec. 31. If you're 67 or older and don't currently have drug coverage, sign up as soon as you can do you do not get penalized a permanent penalty of 1% of your premium for every month you were eligible and didn't enroll. If you have a plan that covers your drug, be sure you get a letter if creditability, so if you decide to switch to the Medicare Part D Plan at a later date, you will not accrue the penalty for the years you chose not to participate. The average savings on drug costs is about 28%. If you're in good health now, simply choose the lowest-cost plan in your area; you should be able to find one with premiums of less than $10 a month. You can compare Medicare Plans in your area at

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Health Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Heidi Splete