Anthem Medicare Advantage Certification Practice Exam

The statement is true. The Late Enrollment Penalty (LEP) is designed to encourage individuals to enroll in Medicare when they are first eligible. However, certain individuals are exempt from this penalty. Low-Income Subsidy (LIS) members, often qualifying for help with their Medicare prescription drug costs, and those who have creditable prescription drug coverage are not subject to the LEP.

Creditable coverage refers to other health insurance plans that provide benefits similar to Medicare's, allowing individuals to avoid penalties since they had adequate coverage during their eligibility period. Thus, for LIS recipients and those with creditable coverage, enrolling late in Medicare prescription drug plans will not incur a penalty, confirming that the statement is accurate.

While the other options hint at various scenarios regarding age or coverage types, they do not address the primary exemption criteria related to LIS or creditable coverage, which is the focus of the original statement.