Penalty for re-enrolling in Part B

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Q. I am enrolled in Medicare Part B, in addition to my Blue Cross/Blue Shield medical. If, after a year, I drop Part B and then later decide that I want to re-enroll in Part B, is there a one-time penalty or some other cost to me for re-enrolling in Part B?

A. Your premium would be permanently increased by 10 percent for each 12-month period you could have had Part B but weren’t enrolled.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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