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Part D Late Enrollment Penalty

The Centers for Medicare & Medicaid Services (CMS) determines when and how much of any late-enrollment penalty will be imposed on Part D plan members. CMS requires Part D plans to obtain information about any lapses of credible drug coverage that lasted more than 63 days after the end of the member's Initial Enrollment Period (IEP). The late-enrollment penalty is then calculated from here.

Learn more on how the late-enrollment penalty is calculated in this publication.

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