Medicare & Senior InsuranceQuestion 211 of 315
What is the Part B late enrollment penalty for someone who delays signing up by a full 12 months without other creditable coverage?
a.5% added to the Part B premium for one year
b.10% added to the Part B premium for life
c.1% added to the Part B premium for life
d.No penalty if the person eventually enrolls
Explanation
The Part B late enrollment penalty is 10% of the standard Part B premium for each full 12-month period the beneficiary could have had Part B but did not, and it lasts as long as the person has Part B.
Law Reference: 42 U.S.C. §1395r(b)Practice all 315 questions free — no signup required.
Related questions on this topic
- Which condition allows a person to enroll in Medicare without the standard 24-month SSDI waiting period?
- How long is the Initial Enrollment Period (IEP) for Medicare?
- The Annual Election Period (AEP) for Medicare Advantage and Part D plans runs from:
- The Part D late enrollment penalty is calculated as:
- How many standardized Medigap plan letters exist under federal law?
- Which Medigap plan is no longer available to people first eligible for Medicare on or after January 1, 2020?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California Life & Health Insurance License Exam · How we review