Latest News
No change to standard Medicare premium next year: Good news, or not?
The Centers for Medicare and Medicaid Services (CMS) have revealed that the standard Medicare Part B premium for new enrollees will not change for 2018. That’s good news, right? Well, not necessarily for the 70% of Social Security recipients who have their Medicare premium deducted from their Social Security benefit. Current Social Security beneficiaries who have been protected by the “hold harmless” provision pay less than the standard $134 Part B premium now, and the COLA increase will be applied to their premium to bring it up to the standard. That could mean that the average Social Security beneficiary won’t see any of the COLA increase because they’ll be paying a larger Medicare premium. This Investment News article by Mary Beth Franklin explains details of the effect of Medicare premiums on Social Security benefits. 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.