Try: Individuals who choose not to buy medicare part b when they first enroll in medicare part a can purchase part b at a later date however by delaying the part b purchase the individual has permanently increased his monthly premium by the length of time he chooses not to enroll late enrollees are subject to a monthly premium increase of 10 for each 12-month period for which they delayed medicare part b enrollment for example if the individual delays medicare part b enrollment for 36 months he will be subject to a premium based on his income plus a 30 late enrollment penalty additionally if the premium increases the enrollee pays the penalty on top of the annual increase reference adapted from the medicare internet website www medicare gov

Materials: n/a

Categories: Financial, Medical Physical

Information: n/a

References: n/a

Keywords: n/a

*This information is listed as a Fact Sheet and is not explicitly medically licensed