Most people will pay $104.90 per month for their Part B premium in 2013. This may be higher for people with high incomes.
However, if you don't sign up for Part B when you're first eligible, you may have to pay a late enrollment penalty for as long as you have Medicare. Your monthly premium for Part B may go up 10% for each full 12-month period that you could have had Part B, but didn't sign up for it.
Higher income individuals may pay a penalty. In determining your penalty premium, Medicare considers your income from prior tax returns (from 2 years ago). The penalty plus base premium is graduated based on income and can be as much as $335 in 2013.
Currently about 5% of the population pays a Medicare Part B penalty. This figure is expected to rise over the next few years to roughly 14% of the population.
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However, if you don't sign up for Part B when you're first eligible, you may have to pay a late enrollment penalty for as long as you have Medicare. Your monthly premium for Part B may go up 10% for each full 12-month period that you could have had Part B, but didn't sign up for it.
Currently about 5% of the population pays a Medicare Part B penalty. This figure is expected to rise over the next few years to roughly 14% of the population.