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Message: <blockquote data-quote="Snattlerake" data-source="post: 4344341" data-attributes="member: 44288">ALSOThere is a penalty for not choosing a Part D plan in time.The penalty for not choosing a Medicare Part D plan is called the Part D late enrollment penalty (LEP). The penalty is calculated by multiplying 1% of the national base beneficiary premium by the number of months you were eligible for Part D but didn't enroll. The penalty is rounded to the nearest 10 cents and added to your monthly Part D premium. In 2024, the national base beneficiary premium is $34.70, so the penalty is $4.90 per month. The penalty amount may increase each year as the national base beneficiary premium changes. You may be able to avoid the penalty in some circumstances, including:<ul> <li data-xf-list-type="ul">If you receive Extra Help, the penalty will be permanently removed</li> <li data-xf-list-type="ul">If you are under 65 and have Medicare, the penalty will end when you turn 65</li> <li data-xf-list-type="ul">If you qualify for a state pharmaceutical assistance program (SPAP), it may pay your penalty </li> </ul>The penalty is intended to encourage Medicare beneficiaries to have adequate drug coverage. You may need to pay the penalty for as long as you have Medicare. </blockquote>