P: 817-952-3153F: 682-503-6467TF: 844-880-8805
1245 Southridge CourtSuite 101Hurst, TX 76053
Sarah Fuhrmann is an agent of Ashford Insurance an independent health insurance agency specializing in Texas Medicare insurance.
The Medicare Part B penalty is a 10% increase on the Part B premium for each full 12-month period not enrolled but eligible. This is a lifelong penalty. If eligible for a Special Enrollment Period – enrolled in employer coverage, this penalty can be avoided.
The penalty is generally enacted if not enrolled within 3 months of Medicare Part A or Part B. The penalty is permanent and must always be paid while enrolled in Part D.
If you are assessed a Part B penalty, you will have to pay it for as long as you have Medicare Part B. The penalty is added to your monthly Part B premium.
There are a few ways to avoid the Part B penalty:
If you are unsure whether you are eligible for a special enrollment period, you can contact Ashford Insurance at 817-952-3153.
Photo by Reem Mansour
Sarah Fuhrmann has been helping Medicare eligibles in Texas with their Medicare Insurance since 2018.