When can I join a Medicare drug plan?

September 20, 2009 by admin

You can join a drug plan when you are first eligible for Medicare. In most cases, if you don't join during this period, your next chance to join will be between November 15th and December 31st each year, and you will have to pay a penalty. This means you pay a higher monthly premium for as long as you have Medicare prescription drug coverage.For more information, please visit Medicare's search tool, theMedicare Prescription Drug Plan Finder.