Mr. Diaz continued working with his company and was insured under his employer’s group plan until he reached age 68. He has heard that there is a premium penalty for those who did not sign up for Part B when first eligible and wants to know how much he will have to pay. What should you tell him?
Question & Answer
Mr. Diaz continued working with his company and was insured under his employer's group plan until he reached age 68
1 Answer
Verified archiveThe penalty will be a permanent 10% increase in his Part B premium for every 12-month period that passed during which he could have enrolled and did not.