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Behind the Medicare Part B increase
Although Social Security recipients will see the highest cost-of-living adjustment in almost 40 years; however, for Medicare beneficiaries, the raise will be diminished by an even larger cost increase in their Part B premiums. Part B premium increase of $21.60, which is deducted monthly from Social Security recipients’ checks, will reduce the net cost of the COLA increase by varying amounts, depending on a person’s benefit level. Mark Miller explains what’s behind the 14.55 percent increase in Medicare Part B premiums and how to cope with the rising costs in Medicare. Read Mr. Miller’s article here…
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