What is the late enrollment penalty for Part B?
The Part B late enrollment penalty is a portion of the standard premium for every 12 months you delay enrollment. This penalty is permanent.
What to do next
Start from your own specifics rather than a rule of thumb; a short conversation usually tells you whether this needs a professional look.
Local context for Statewide Florida
Part A covers hospital stays (free for most). Part B covers doctor visits (a standard monthly premium, set each year). Part C (Medicare Advantage) replaces Parts A+B. Turning 65 is a milestone that comes with important health insurance decisions. You have a 7-month window to enroll in Medicare without penalty. If you're still working and covered by employer insurance (20+ employees), you can delay Part B without penalty. If your employer has fewer than 20 employees, you should enroll in Medicare at 65. Your IEP is a 7-month window: 3 months before your 65th birthday month, your birthday month, and 3 months after. Missing your IEP entirely results in permanent late enrollment penalties.
Florida Health Insurance Web provides Medicare Advantage, Medicare Supplement (Medigap), ACA Marketplace Plans, Final Expense Insurance, Small Group Health Insurance, Medicare Part D across Statewide Florida.
Related questions
Florida Health Insurance Web — Compare your plan options
Compare your plan options