Premium increases may depend on your current income and Social Security Status
October 2015 | By: Patricia Barry
One in 7 Medicare beneficiaries will see their Part B premiums for doctor visits and outpatient care jump by an unprecedented 52 percent next year – by far the largest hike in Medicare’s history – unless the government intervenes to somehow soften the blow. While the vast majority of beneficiaries will pay the same Part B premium in 2016 as this year – $104.90 a month – certain groups of people are expected to experience a dramatic rise, to $159.30 a month or even higher due, to an obscure part of the Medicare law that ties the cost of living allowance (COLA) in Social Security benefits to Part B premiums. Read article here.