Medicare premiums to rise, but it could have been worse.
The Centers for Medicare & Medicaid Services (CMS) announced that Medicare Part B premiums, which had been estimated to rise as much as 22%, would instead rise by about 10% for some beneficiaries. Those most affected are the 6.5 million people who are high-earners and those who will be enrolling in Medicare’s Part B in 2017. The remaining 70% of existing Part B beneficiaries will see a much smaller increase. This Money article by Elizabeth O’Brien has the details. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.