Late Enrollment Penalty definition

Late Enrollment Penalty or “LEP” means the financial penalty incurred under the Medicare Drug Rules by Medicare Part D beneficiaries who have had a continued gap in creditable coverage of sixty-three (63) days or more after the end of the beneficiary’s initial election period, adjusted from time to time by CMS.
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Examples of Late Enrollment Penalty in a sentence

  • Section 4.3 Part D Late Enrollment Penalty Some members are required to pay a Part D late enrollment penalty.

  • Section 4.4 Part D Late Enrollment Penalty Some members are required to pay a Part D late enrollment penalty.

  • Your plan sponsor is responsible for notifying you of any monthly plan premium changes or retiree contribution changes (the portion of your monthly plan premium your plan sponsor requires you to pay) prior to the date when the change becomes effective.However, in some cases, your plan sponsor may need to start paying or may be able to stop paying a Late Enrollment Penalty.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Monthly Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)• Income Related Monthly Adjusted Amount (Section 4.4)In some situations, your plan premium could be lessThe “Extra Help” program helps people with limited resources pay for their drugs.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Monthly Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)• Income Related Monthly Adjusted Amount (Section 4.4)In some situations, your plan premium could be lessThere are programs to help people with limited resources pay for their drugs.

  • Section 4.3 Part D Late Enrollment Penalty Because you are dual-eligible, the LEP doesn’t apply as long as you maintain your dual-eligible status, but if you lose status you may incur LEP.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)• Income Related Monthly Adjusted Amount (Section 4.4)In some situations, your plan premium could be lessThe “Extra Help” program helps people with limited resources pay for their drugs.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Monthly Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)Section 4.1 Plan premiumSection 4.2 Monthly Medicare Part B Premium• Income Related Monthly Adjusted Amount (Section 4.4) You do not pay a separate monthly plan premium for your plan.Many members are required to pay other Medicare premiumsYou must continue paying your Medicare premiums to remain a member of the plan.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)• Income Related Monthly Adjusted Amount (Section 4.4)In some situations, your plan premium could be lessThere are programs to help people with limited resources pay for their drugs.

  • Your costs may include the following:• Plan Premium (Section 4.1)• Medicare Part B Premium (Section 4.2)• Part D Late Enrollment Penalty (Section 4.3)• Income Related Monthly Adjusted Amount (Section 4.4)Medicare Part B and Part D premiums differ for people with different incomes.

Related to Late Enrollment Penalty

  • Open Enrollment Period means an enrollment period during which time any Eligible Employee and/or Dependent may apply to become a Subscriber and/or Covered Dependent, and existing Subscribers may apply to change to another provider network or coverage option, if available, or elect to terminate coverage.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Dual enrollment means the enrollment of a 3- or 4-year-old student who is eligible for special education services in both a public school district, through which the student receives special education services, and a private or home school.

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Enrollment means the number of students who are enrolled in a school operated by the district on October 1. A student shall be counted as one whether the student is enrolled as a full-time or part-time student. Students enrolled in prekindergarten programs shall not be counted.

  • Open enrollment means a period of time as defined in rule

  • Disenrollment means either voluntary or involuntary termination of a participant from the Independent Choices Program.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Declining enrollment means any significant decrease in the school district’s enrollment which may affect the school district’s allocation of funds in future years and/or the necessity of maintaining certain class sections or offerings.

  • Statewide popular election means a general election in which votes are cast for

  • Effective date of enrollment means the first date when an en- rollee is entitled to receive covered benefits.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Enrollment Date means the first day of each Offering Period.

  • Enrollment Form means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Salary reduction plan means a benefit plan whereby state and

  • Election cycle means the period beginning on the first day persons are eligible to

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Statewide special election means a special election called by the governor or the

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Year of Eligibility Service means, for any Employee, a credit used to determine his eligibility to participate under the Plan, as further described in Section 2.2.

  • HMO a health maintenance organization doing business as such (or required to qualify or to be licensed as such) under HMO Regulations.

  • Regular primary election means the election on the fourth Tuesday of June of