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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'. Previous 5 Terms: Preliminary permit (hydroelectric power) Preliminary Report Premature chromosome condensation (PCC) premise Premium gasoline Next 5 Terms: prenarial Prepaid Health Plan prepalaeolith pre-pandemic vaccine Preparation plant About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.