What is the implication of not enrolling in a Medicare prescription drug plan for Mrs. Quinn in terms of premiums later?

Not enrolling in a Medicare prescription drug plan can result in increased premiums based on the number of months Mrs. Quinn goes without coverage after her initial enrollment period. This is relevant because Medicare imposes a late enrollment penalty for those who do not sign up for a prescription drug plan when they are first eligible, provided they do not have other creditable prescription drug coverage.

The penalty is calculated as a percentage of the national base beneficiary premium for each month that an individual could have had a plan but did not enroll. This means that if Mrs. Quinn waits to enroll in a drug plan later, she may have to pay higher premiums for as long as she remains enrolled in the plan. By understanding this consequence, individuals can recognize the importance of making timely enrollment decisions regarding their Medicare coverage to avoid unnecessary financial burdens in the future.