For seven in 10 Medicare beneficiaries 2016 will be much like 2015. They will pay $104.90 per month for their Medicare Part B premium just as they did in 2015.
But 2016 might not be anything like 2015 for some 30% of Medicare beneficiaries — roughly 7 million or so Americans. That’s because premiums for individuals could increase a jaw-dropping 52% to $159.30 per month ($318.60 for married couples). And for individuals whose incomes exceed certain thresholds, premiums could rise to anywhere from $223.00 per month up to $509.80 (or $446 to $1,019.60 for married couples), depending on their incomes.
What gives? Blame the “hold harmless” provision in the law that addresses cost-of-living adjustments (COLA) for Social Security benefits.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Trying to get the 2nd half baby boomers generation to pay so much more. Boy! The WWll and Korean generation of kids had it all. Vietnam generation and thereafter, ain't got nothing coming when they get old. The millenniums will make sure of that. So sad. So sad.
ReplyDeleteThe democrats have lied to the American public for long enough.
ReplyDeleteThis is all part of Obamacare. This will most likely be felt by the idiot Democrats that voted party lines and put the POS in the White House.
ReplyDelete