I'm a Veteran, I have 50% service connected disability. It's my enrollment period. My rating will likely be increased as my condition worsens. I use VA 89% and the other % I have care approved through VA to use locally (Tricare) or I have employment insurance with a Union. I won't retire for 3 to 5 years depending on my health. Is there a penalty if I do not apply for part B at this time? I read that I'll have time without penalty once my employment benefits stop but I wanted to be sure. Thanks in advance for your input.
Part B can be extraordinarily complex and the CMS does a good job of answering your questions here https://www.medicare.gov/your-medicare-costs/part-b-costs/part-b-late-enrollment-penalty