Tag Archives: hold harmless

2018 Medicare Part B Premium and Social Security Cola Projections

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

Medicare Part B Premium Increase for 2017

The latest news on Medicare Part B 2017 premium increase is “stay tuned”.   Congress is still working on this and the final determination won’t come until October 1st at the earliest.  Like last year, there is a strong possibility that the “Hold Harmless” provision will protect  existing Medicare beneficiaries who have their Part B premiums deducted from their Social Security check.  That will leave the others to take a larger load of the increase.

While a 22% increase is being discussed, my guess is it will be negotiated down like last year.  I will keep readers apprised.  If you want to read more on this, I have linked an article here:  http://www.miamiherald.com/news/business/article100185427.html

If you have questions about Medicare, call me, with no cost or obligation.  This is what I do and enjoy it.

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