Will your Medicare premiums increase in 2017 hi this is David with Medicare Plan review if you’re like most people enrolled in Medicare you know that Medicare premiums can increase and you may be wondering what’s going to happen to Medicare premiums in 2017 for those new to Medicare we’re specifically talking about Medicare Part B premiums Part B covers the.
Cost of doctor’s visits and outpatient care Part A covers inpatient hospital stays and most people don’t pay premiums for Part A currently most.
People pay a hundred and twenty-one dollars and eighty cents per month in Part B premiums and typically premiums are deducted from their Social Security so what are the chances of Medicare premiums increasing in 2017 for most people the chances are not very great but.
There are groups of people that will definitely pay more if you’re newly entitled to Part B in 2017 you’ll pay a higher rate.
Individuals with annual incomes above $85,000 will pay a higher rate and people who don’t have their Medicare premiums automatically deducted from their Social Security will also pay a higher rate but 70 percent of people on Medicare are likely to see little or no change there’s a unique relationship between the Social Security cost-of-living adjustment.
Known as Cola or in recent years known as the what cost-of-living adjustment how they calculate the colas a topic for a whole nother.
Video should there be an increase in Medicare Part B premium the law contains a hold harmless provision.
That protects approximately 70 percent of Social Security beneficiaries from paying higher Part B premiums in order to avoid reducing their net Social Security benefit Medicare premiums are announced each year in October and go into.
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