topic Re: Medicare Part B premium in Community Chat

Medicare Part B premium

SharkE — Thu, 05 Sep 2019 17:15:36 GMT

Is forecasted to rise to 144.30 in 2020

COLA increase is not determined yet. Due out in October.

All say won't be as good as the one we got in 2019.

Just a heads up, folks.

Re: Medicare Part B premium

blackhole99 — Thu, 05 Sep 2019 17:22:10 GMT

I'm not surprised, it doesn't matter who runs health care as long as it's profit driven.

Re: Medicare Part B premium

NickNack — Thu, 05 Sep 2019 17:25:23 GMT

Re: Medicare Part B premium

sunshine45 — Thu, 05 Sep 2019 17:27:41 GMT

@SharkE wrote:
Is forecasted to rise to 144.30 in 2020
COLA increase is not determined yet. Due out in October.
All say won't be as good as the one we got in 2019.

Just a heads up, folks.

my ex said he wishes his was that low.....his is at about $185.

Re: Medicare Part B premium

SharkE — Thu, 05 Sep 2019 17:53:37 GMT

Higher income bracket pays more

Re: Medicare Part B premium

Carmie — Thu, 05 Sep 2019 18:05:15 GMT

@sunshine45 Many people would be happy to pay $187. a month for Medicare. That would mean they have a higher income. If single $70,000 to $107.00 and if married $107,000 to $214,000. Some people pay higher premiums yet.

The $10 increase to $144.30 is going to hurt many lower income Medicare seniors. I hope there is a Social Security COLA to help cover the costs.

Thank goodness the Medicare Part B deductible will remain at $183. Many seniors do not have coverage for this charge if they have a supplement.

Re: Medicare Part B premium

SharkE — Thu, 05 Sep 2019 18:17:43 GMT

I think it done raised to 185 few yrs ago

Re: Medicare Part B premium

Zaimee — Thu, 05 Sep 2019 18:26:43 GMT

New numbers for 2019 Standard part B 135.50. Going up in 2020.

But if income is above 85,000 to 107,000 individual or

170,000 or above married

ADD $54.10 to 135.50. = $189.60 for Part B. Going up in 2020.

PLUS supplement and drug plan.

Just learned all of this. Got my Medicare A/B card last week effective 9/1.

Had a lot to learn. Thankful for some information I received here.

Re: Medicare Part B premium

esmerelda — Fri, 06 Sep 2019 00:17:43 GMT

@SharkE @Zaimee Do you have an official source for this information?

Re: Medicare Part B premium

SharkE — Fri, 06 Sep 2019 01:06:23 GMT

@esmerelda

https://www.financial-planning.com/news/medicare-b-costs-for-clients-projected-to-rise

Re: Medicare Part B premium

esmerelda — Fri, 06 Sep 2019 03:18:46 GMT

@blackhole99 wrote:
I'm not surprised, it doesn't matter who runs health care as long as it's profit driven.

@blackhole99 How about it doesn't matter who runs health care as long as you have access to it?

Nobody MAKES anybody sign up for Medicare B. It's an option...not a requirement.

Re: Medicare Part B premium

Zaimee — Fri, 06 Sep 2019 03:59:27 GMT

Check out Medicare.gov

Part A no cost

PartB 135.50 or higher depends on income. See chart

supplement optional

part D prescription plan optional

Re: Medicare Part B premium

blackhole99 — Fri, 06 Sep 2019 04:02:44 GMT

@esmerelda wrote:
@blackhole99 wrote:
I'm not surprised, it doesn't matter who runs health care as long as it's profit driven.
@blackhole99 How about it doesn't matter who runs health care as long as you have access to it?

Nobody MAKES anybody sign up for Medicare B. It's an option...not a requirement.

@esmerelda Where in my post does it say anything about HAVING to sign up for Medicare part B? It doesn't matter if you have access to health care if you can't afford it or the insurance you can afford is ******.

Re: Medicare Part B premium

esmerelda — Fri, 06 Sep 2019 04:08:56 GMT

@blackhole99 Your comment was in response to the cost of Medicare B going up. And I pointed out that Medicare B isn't a requirement.

As far as affordability and quality of insurance are concerned...that would quickly get political, so I won't go there.

Re: Medicare Part B premium

Cakers3 — Fri, 06 Sep 2019 04:23:43 GMT

I don't see the rates for 2020 yet on the official Medicare website. I don't think those rates are finalized yet.

Re: Medicare Part B premium

Carmie — Fri, 06 Sep 2019 04:34:42 GMT

@blackhole99 wrote:
I'm not surprised, it doesn't matter who runs health care as long as it's profit driven.

Medicare has been losing money for years. There is no profit for this type of insurance. It is a bargain. There is no other insurance that can be purchased for so low a price.

I count my blessings and pray that it doesn't go belly up.

Re: Medicare Part B premium

Hippiified — Fri, 06 Sep 2019 06:30:51 GMT

eta

Sorry, I sorta got it backwards. your premium cannot go up by more than your SS went up. And it only applies to about 70 % of people.

You must have been enrolled in Part B before 2017 with premiums deducted from your Social Security check.

Also, it does not apply to the higher income brackets.

Re: Medicare Part B premium

Carmie — Fri, 06 Sep 2019 04:45:40 GMT

@Hippiified I am not sure where you got this incorrect information. It is not true. I have been following Medicare since 1988 for my job and this has not happened. Would be nice, though.

In 1988, the premium for Part B was around $32 a month.

Re: Medicare Part B premium

Zaimee — Fri, 06 Sep 2019 04:50:53 GMT

You may be thinking of the COLA cost of living increase in Social Security each year. This is not equal. Last years increase was about 2.7% but this year is projected to be about 1.6%. Medicare Part B increase projected to be about $8.80 a month for 2020.

Re: Medicare Part B premium

elated — Fri, 06 Sep 2019 04:54:47 GMT

The COLA increase will be announced on October 10th. It is estimated to be around 1.7%.