Part B Penalty Question

Jun 1, 2016

  1. axeman462
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    axeman462 Guru

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    have a client who's husband is age 66. He has VA. never signed up for Pt B.

    If he were to sign up for Pt B next year, would he get a penalty? Or does VA count as credible coverage?
     
  2. TN_agent
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  3. vic120
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    I dint know if the same would apply to part B. However I had a guy on AARP supp, He was receiving bills on Pre Ex. I called and they told me his VA would count as Credible cov, I had to get letter from VA and AARP back Paid the bills
     
    vic120, Jun 1, 2016
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  4. WCMason
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    VA is not creditable coverage to avoid a Part B penalty. It is creditable coverage to avoid a Part D penalty, however.
     
    WCMason, Jun 1, 2016
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  5. jsanchez001
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    Also keep in mind that he will have to enroll during the Part B "open enrollment" period from Jan 1-march 31
     
  6. WCMason
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    The name for that is General Enrollment Period.
     
    WCMason, Jun 3, 2016
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  7. gordon112
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    Veterans aren't immune to the Part B penalty (but they should be.) The part D penalty is 1% of the national avg prem for a drug plan ($33.14). Not a biggie but can add up over 10 years (40 more a month). The Part B penalty is 10% of the monthly premium for every year they didn't have Part B when first eligible. It adds up to be a quite a bit if has been on medicare for a while without it.
     
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