# AHIP Medicare Exam Prep 28, Part D Late Enrollment Penalties and Creditable Coverage

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Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/ahip-medicare-exam-prep-28-part-d-late-enrollment-penalties-and-creditable-coverage.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-09-13T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/06dcdfe7-f1a8-46ab-97f7-6228f70320c0.mp3
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Duration seconds: 238

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A continuous gap of 63 days or longer without creditable drug coverage triggers the Medicare Part D late enrollment penalty. - Penalty calculations count only full calendar months without creditable coverage, ignoring partial months. - The monthly penalty equals one percent of the current national base beneficiary premium multiplied by full uncovered months. - Preserving annual notices of creditable coverage provides essential proof to avoid improper penalty charges when switching plans. - Beneficiaries receiving Extra Help or Low-Income Subsidy are exempt from paying the Part D late enrollment penalty. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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