Looking ahead, I'll be 65 next year and will incur a penalty unless I sign on Part B of Medicare. I met with someone at Social Security yesterday, who said the only way I can opt out of Park B and not be penalized is if I am working for an employer who is providing health insurance. (The Nat'l Health System in Italy doesn't qualify, nor does purchasing private insurance.)
The penalty is pretty stiff - if out of the country for 1 year, it's a 10% penalty for the rest of my life. If out of the country for 5 years, it's a 50% penalty, and so on.
Has anyone found a way around this?
I will likely move back to the U.S. at some point in time -my son is here, but could be 1 year, 5 years, 10 years...who knows?