Mr. Diaz continued working with his company and was insured under his employer's group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for Part B when first eligible and wants to know how much he will have to pay. What should you tell him?
A. Mr. Diaz will not pay any penalty because he had continuous coverage under his employer's plan.
B. Part D covers prescription drugs and he should look at his premiums, formulary, and cost-sharing among other factors to see if they have changed.
C. He generally would pay a monthly premium, annual deductible, and per-prescription cost-sharing.
D. To obtain Part B coverage, he must pay a standard monthly premium, though it is higher for individuals with higher incomes.