For each 12-month period you delay enrollment in Medicare Part B, you will have to pay a 10% Part B premium penalty, unless you have insurance based on your or your spouse’s current work (job-based insurance) or are eligible for a Medicare Savings Program (MSP) (see Does The Medicare Savings Program Eliminate my Part B LEP?).
In most cases, you will have to pay that penalty every month for as long as you have Medicare. If you are enrolled in Medicare because of a disability and currently pay premium penalties, once you turn 65 you will no longer have to pay the premium penalty.
Read Next: What Can I do to Appeal for a Part B Late Enrollment Penalty?
Learn About: Does Part D Have a Late Enrollment Penalty?
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