A Step-by-Step Guide to Medicare Part D’s Prescription Drug Plan

Word Count: 557 Summary: If you’re like many Americans, the introduction of Medicare Part D is nothing short of confusing. Keywords: Medicare Part D, drug plan Article Body: By May 15 of this year, if you haven’t signed up for the program, you could end up without drug coverage, or have to pay the penalty for applying after the deadline. The penalty is a 1% increase in your premium for each month after May 2006 in which you don’t enroll. The following is a step-by-step guide designed to get down to the basics of Medicare Part D, cut through the jargon, and tells you exactly what you need to know. Step #1: Eligibility. Are you eligible for Medicare’s new prescription …