If you didn’t get Medicare Part B when you first became eligible, your premium for Part B will increase by 10% for each full 12-month period you could have had Part B, but didn’t sign up. The penalty is for life, so if you didn’t have part B coverage for 3 years you will have a 30% Part B penalty plus your Part B premium. 

If you have creditable coverage through your employer and you meet certain conditions that allow you to sign up for Part B during a Special Enrollment Period; usually, you don’t pay a late enrollment penalty. 

Call me at 727-688-3330 if you have questions or if you want to schedule a free consultation.


If you didn’t know. Now you know.

Jacob Torres with Best Advice Medicare