If individuals do not sign up for Medicare Part B when first becoming eligible and later decide to enroll,the monthly premiums may be higher due to penalties.

Question

Quizplus · Accepted Answer

This is true. Individuals who do not enroll in Medicare Part B when first becoming eligible may face a late enrollment penalty, which can increase their monthly premiums. The penalty is based on the number of months the individual went without Part B coverage.

If Individuals Do Not Sign Up for Medicare Part B