Penalty
Medicare Glossary
A dollar amount added to your Medicare Part B and Part D plans if you opted not to join when you first became eligible. While there are some exceptions, you will pay more for your premiums as long as you have Medicare.
This content is for educational purposes only and does not constitute a recommendation of any specific Medicare plan. Benefits, costs, and availability vary by plan and location. For complete information about your Medicare options, visit Medicare.gov or call 1-800-MEDICARE (1-800-633-4227), TTY: 1-877-486-2048, available 24 hours a day, 7 days a week.