Medicare's Part B Premium Will Be Unchanged in 2018, But Many Will Pay More The announcement of the 2018 Medicare premium is good news for some beneficiaries and bad news for many others. The good news is that the standard monthly Part B premium, which about 30 percent of Medicare beneficiaries pay, will again be $134 next year, unchanged from 2017. But most Medicare recipients pay a lower premium because they have been protected from any increase in premiums when Social Security benefits [...]
On November 15th Maria Motsavage, our Elder Care Coordinator, was the keynote speaker at the Long Term Care Facilities' Employee Recognition Luncheon!
Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018 In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums. Cost of living increases are tied to the consumer price index, and an upturn in inflation rates and gas prices means recipients get a small boost in 2018, amounting to $27 a month for the typical retiree. The 2 percent [...]
During the American Bar Association National Aging & Law Conference on October 26-27 our Elder Care Coordinator, Maria Motsavage spoke as part of a panel on "Enhancing your Elder Law Practice with an Elder Care Coordinator." She certainly enhances ours!
How to Reverse Medicare Surcharges When Your Income Changes What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges. Higher-income Medicare beneficiaries (individuals who earn more than $85,000) pay higher Part B and prescription drug benefit premiums than lower-income Medicare beneficiaries. The extra amount the beneficiary owes increases as the [...]