It’s time we start chronicling all the great things Democrats will be doing for the American people.
First up, Representative Katie Porter:
That is certainly an interesting thing for a Democrat to be mad about.
Remember that the key principle behind Obamacare was that everyone would have to buy insurance whether they wanted to or not. That way the subsidies of healthy young people in their twenties and thirties who rarely went to the doctor would subsidize older people who tend to need much more medical care.
So why would Porter object to this? The system needs younger seniors to pay premiums because older seniors need a buttload of medical care. If they choose not to pay their share, why would any Democrat object to their being penalized?
Delaying paying the premiums is still a good move:
If an older person delays paying for Medicare for one year, and the premium is for example, $200, then they saved $2400 in premiums. So when they do sign up, their premium would be increased by 10% to $220. That is an extra $240 per year, which means they would have paid that $2400 they saved in ten years. If they live longer, they pay more. If they die before ten years, they come out ahead - dead, but ahead.
It took me about ten minutes of googling and reading to realize that. Pay now or pay later, that is the deal.
Keep in mind this will only affect those who choose not to work at jobs that provide health coverage. I plan to retire at 67, and people are not expected to start paying Medicare premiums until 65. But since I will have employer health coverage until I do retire, I won't pay any penalty.
AI Overview
A 10% Medicare penalty applies to monthly premiums for late enrollment in Part B (for each 12-month period delayed) or Part A (if not premium-free). For Part B, this 10% surcharge is permanent and compounds. The penalty is avoided if you have qualified employer coverage, allowing for a Special Enrollment Period.
Medicare Part B Late Enrollment Penalty
- Penalty Amount: 10% increase to the standard monthly premium for each full 12-month period you were eligible but did not enroll.
- Duration: Permanent; you pay it for as long as you have coverage.
- Example: A 2-year (24-month) delay results in a 20% higher premium.
- 2026 Context: With a standard 2026 Part B premium of $202.90, penalties can significantly increase monthly costs.
Tufts Health Plan Medicare Preferred +2
Medicare Part A Late Enrollment Penalty
- Applicability: Only applies if you must pay for Part A (those with fewer than 40 credits of work-related Medicare taxes).
- Penalty Amount: A 10% increase to the monthly premium.
- Duration: Twice the number of years you were eligible but did not sign up.
www.medicare.gov +2
How to Avoid Penalties
- Initial Enrollment Period (IEP): Sign up during the 7-month window around your 65th birthday.
- Creditable Coverage: If you are still working and have employer coverage based on active employment, you may delay without penalty.
- Special Enrollment Period: Use this if losing employer-sponsored coverage to avoid penalties.
www.medicare.gov +2