July 31st, 2015 | By: Jared Strock
The 2015 Medicare Trustees reports was released last week with the news that the long-term outlook of Medicare has improved overall. In addition to the numbers and explanations for this improvement, there is also an interesting piece of information found in the report that is of particular interest to Medicare Supplement carriers and seniors with traditional Medicare FFS. It has already been reported by several sources that Part B premiums are projected to increase by 52%, but what hasn’t yet been reported is that the same section of the report also projects that the Part B deductible will also increase by 52%. This could mean a double-whammy for many seniors who will end up paying a higher premium for their Part B coverage, and also end up paying more out-of-pocket costs in order to meet their deductible. Click here for article.