TeachMeFinance.com - explain Premium Surcharge
Premium Surcharge The term 'Premium Surcharge ' as it applies to the area of Medicare in the United States can be defined as ' The standard Medicare Part B premium will go up ten percent for each full 12-month period (beginning with the first month after the end of your Initial Enrollment Period) that you could have had Medicare Part B but didn't take it. The additional premium amount is called a 'premium surcharge.' There will be a surcharge for Part D also'.
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