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KEY DATE FOR MEDICARE - The deadline for the 43 million eligible American seniors to sign up for Medicare’s prescription drug coverage without penalty for calendar year 2006 is 2 weeks from today (5/15/06). Enrolling after that date for 2006 coverage will cost +1% more each month or an individual can wait until the next open enrollment period which begins on 11/15/06 for 2007 coverage. The 5/15/06 deadline is the end of an initial 6-month enrollment period that began on 11/15/05 (source: Medicare).