As I do every new year, I wanted to post the key, new Medicare numbers that will be in effect for 2019. These are the key changes to Medicare’s premiums and coverages. A couple of the highlights are that the Part B premium only went up $1.50 and the Part B deductible only went up $2.
- Part A deductible – Will be $1364 up from $1340 (per 60 day Benefit Stay)
- Part B Deductible – Will be $185 up from $183 (Annual deductible)
- Part B Premium – Will be $135.50 up from $134.00
- Part D Maximum Deductible – Will be $415 up from $405 (Some plans don’t have a deductible)
- Part D Premium National Average – Will be $33.19 DOWN from $35.02 (Is used to determine Part D Penalty)
Feel free to contact me if you have any questions or need assistance with selecting a Medicare Plan. I don’t charge any fees nor increase your cost.
Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare. He can be reached at email: David@ChoicesInMedicare.com or go to website: www.ChoicesInMedicare.com
With the New Year just starting, I wanted to post the key, new Medicare numbers that will be in effect for 2018. These are the key changes to Medicare’s premiums and coverages. As I noted in July, CMS did not increase the Part B premium or Part B deductible for 2018 as expected. Below are the key, new numbers:
- Part A deductible – Will be $1340 up from $1316 (per 60 day Benefit Stay)
- Part B Deductible – Will remain at $183. Yippee! (Annual deductible)
- Part B Premium – Will also remain at $134.00 for new beneficiaries. (Will not apply to many existing beneficiaries who had already taken out of Social Security) And does not apply to high income earners.
- Part D Maximum Deductible – Will be $405 up from $400 (Some plans don’t have a deductible)
- Part D Premium National Average – Will be $35.02 DOWN from $35.63. (Is used to determine Part D Penalty)
Feel free to contact me if you have any questions or need assistance with selecting a Medicare Plan. I don’t charge any fees nor increase your cost.
Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare. He can be reached at email: David@ChoicesInMedicare.com or go to website: www.ChoicesInMedicare.com
The trustees who oversee Social Security and Medicare have announced their projections for the 2018 Social Security Cost of Living Adjustment (Cola) and Medicare Part B Premium. At this point they are projecting a 2.2% increase in the Social Security Cola. They are also projecting no increase to the current $134/month Part B Premium. (High income earners pay more and some people who already had Part B pay less.)
This is good news for seniors especially compared to the last few years with little to no Social Security Cola increases. I will update this topic when the final amounts are announced. this fall.
Based in the Richmond, Va area, David Higgs of Choices In Medicare specializes in helping seniors transition to Medicare. He can be reached at email: David@ChoicesInMedicare.com or go to website: www.ChoicesInMedicare.com
Helping seniors transition to Medicare