How much can Medicare Part B premiums increase for delayed enrollment?
Premiums for Part B are increased 10 percent for each 12-month period the individual could have been, but was not, enrolled. However, individuals age 65 or older who wait to enroll in Part B because they have group health plan coverage based on their own or their spouses current employment may not have to pay higher premiums because they may be eligible for special enrollment periods. The same special enrollment period rules apply to disabled individuals, except that the group health insurance may be based on the current employment of the individual, his or her spouse, or a family member. Individuals deciding when to enroll in Medicare Part B must consider how this will affect eligibility for health insurance policies which supplement Medicare coverage. These include Medigap insurance and prescription drug coverage and are explained in the answers to questions 8 through 11. 8. What is Medigap insurance? Many private insurance companies sell insurance to help pay for services not covere
Related Questions
- Some companies increase their rates so that any discount simply brings their premiums down to ordinary levels. What is the intune policy?
- Can I appeal Social Securitys decision about the money I owe due to a past-due increase in my Part B premiums?
- Can I delay Medicare Part B enrollment without paying higher premiums?
