How much is the Medicare late enrollment penalty?
For Part A, your monthly premium may go up 10%, and you have to pay a higher premium for twice the number of years you could have had Part A. For Part B, you have to pay 10% increased premium as long as you have part B for each full 12 months you could…
Can I delay my Part B enrollment without a financial penalty?
If you have creditable health insurance coverage as good as Medicare; yes, you can delay your Part B. If you don’t enroll when you’re first eligible for Part B, you can delay Part B enrollment and sign up for Part B later without paying a late enrollment penalty.