Medicare
The Part B late enrollment penalty: how it works
If you delay Part B past your first enrollment period without qualifying coverage from current work, your premium is permanently higher by a percentage for each full year you waited. Planning your timing is the way to avoid it.
How it works
- The surcharge is a percentage added to the standard premium for each full 12-month period you could have had Part B but did not.
- It applies for as long as you have Part B.
- Coverage from current work with a qualifying employer can let you delay without it.
How to avoid it
Enroll during your first enrollment period, or confirm in writing that your employer coverage qualifies you to wait. When that coverage ends, you generally get a special enrollment period of several months to sign up.
Have this ready when you call
- Your date of birth
- Your employer's size and plan details
- When your job coverage ends
Common questions
Is there a similar penalty for Part D?
Yes, a Part D late penalty applies if you go 63 days or more without creditable drug coverage.
Can I get the penalty removed?
In limited circumstances, such as certain misinformation cases. Ask early.
Related answers
Rather talk it through?
Call 855-367-1095 and a licensed agent will go through your situation with you. There is no charge to ask, and no obligation to enroll.
- Licensed insurance help
- No guaranteed eligibility, pricing, or availability
- Educational starting point
GetFastRates.com is not connected with or endorsed by the U.S. government or the federal Medicare program. Calling connects you with licensed insurance help. Plan availability, costs, benefits, and enrollment rules can vary by state, carrier, and individual situation.