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Part A premiumMost people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you buy Part A, you'll pay up to $413 each month. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $413. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $227.Part B premiumThe standard Part B premium amount is $134 (or higher depending on your income). However, most people who get Social Security benefits will pay less than this amount ($109 on average).
The penalty for not enrolling in Medicare when you have an HSA is that you may have to pay a higher premium for Medicare Part B and Part D when you do enroll later on.
The Medicare premium of $134 is usually automatically deducted from your Social Security check every month. If you want a Medicare part C or part D plan too, you will have to pay for that yourself and the amount will depend on the insurance company and the plan you select.
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For 95% of beneficiaries, the premium is $96.40/month.
Medicare beneficiaries pay premiums (most people do not have to pay a premium for Medicare Part A); also, working retirees pay Medicare payroll tax.
The street address of the Medicare Premium Collection Center is PO Box 790355, St. Louis, MO 63179-0355. The center is responsible for processing premium payments for Medicare Part A and Part B. It is important to include the correct address and payment information to ensure timely and accurate processing of premiums.
If you have straight Medicare A and/or B, the prescriptions would be covered by a Part D policy which you can add to your coverage for an additional premium each month.
According to www.nfb.org ... "The Medicare medical Insurance (Part B) premium, which is $93.50 per month in 2007"
When I started working for SSA in 1976 it was $7.20, before that it was $6.70 (I don't have the information handy, and don't remember the very firs premium amount.)
If you are late in enrolling in Medicare Part D, you may owe a a penalty. In 2013, the penalty was $31.17 and if you owe it, it will be added to your premium.