Berta,
Here is the answer on the Part B penalty if you didnt signup when first eligble.
What is Medicare Part B?
Medicare Part B (Medical Insurance) helps cover your doctors’ services
and outpatient care. It also covers some other medical services that
Part A doesn’t cover, such as some of the services of physical and
occupational therapists, and some home health care. Part B helps pay for
these covered services and supplies when they are medically necessary
(see pages 9–14).
Cost: You pay the Medicare Part B premium each month ($88.50 per
month in 2006). In some cases, this amount may be higher if you didn’t
sign up for Part B when you first became eligible.
Caution: If you don’t take Part B when you are first eligible, the cost of
Part B will go up 10% for each full 12-month period that you could have
had Part B but didn’t sign up for it, except in special cases (see employer
or union coverage information on page 9). You will have to pay this
penalty as long as you have Part B.
You also pay a Part B deductible each year before Medicare starts to pay its
share. The Part B deductible for 2006 is $124.00. You may be able to get
help from Medicaid to pay this premium and deductible (see page 60).
Medicare deductible and premium rates may change every year
in January.
Casper 1956 US Army1976
100% S/C, SSDI, CRSC