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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: 2012 Medicare Part B Costs Date: 10/27/2011 7:33 PM
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Medicare.Gov is showing Part B premium for 2012 at $99.90 for those with individual incomes under $85,000 or joint incomes under $170,000. For those who have been frozen at $96.40 the last couple years the increase is only $3.50. Also the Part B deductible drops from $160 to $140.

It appears those of us enrolled in 2010 and paying $110.50 and 2011 enrollees paying $115.40 will actually see our premiums drop to $99.90. I don't see this mentioned in the press release but it was speculated on in a reliable news story last week.

Blue Cross has already told me my Part D premium is only rising $1.20. Haven't gotten their Medicare Supplement premium increase yet but overall it looks like my health insurance cost for 2012 might be pretty reasonable.
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Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 17405 of 19483
Subject: Re: 2012 Medicare Part B Costs Date: 10/27/2011 10:49 PM
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It appears those of us enrolled in 2010 and paying $110.50 and 2011 enrollees paying $115.40 will actually see our premiums drop to $99.90. I don't see this mentioned in the press release but it was speculated on in a reliable news story last week.


i'll be interested to hear if that turns out to be true

for your sake i hope so .. but i heard different back in 2010 when they first explained our premiums wouldn't go up because SS wasn't,
but premiums for new folk would be higher.

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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 17406 of 19483
Subject: Re: 2012 Medicare Part B Costs Date: 10/28/2011 12:55 AM
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Here's a quote from the Wall Street Journal's story on the new Part B premium:

"Most Medicare beneficiaries will pay $99.90 a month in premiums in 2012, a smaller-than-expected increase of $3.50, federal officials said Thursday.

About three-quarters of seniors and disabled people have been paying $96.40 a month for the Part B federal health-insurance program for the past three years. New enrollees—mainly people who turned 65 in 2009, 2010 or 2011—have been paying $115.40 a month. They will see their premiums decrease.

Medicare trustees predicted earlier this year they would boost premiums by up to $10 a month for most beneficiaries."



Of course they are incorrect on who is paying $115.40. That's only those who enrolled in 2011. We 2010 enrollees paid $110.50 in 2010 and it was frozen in 2011 because we got no SS increase.

I had expected everyone would be brought up to $115.40, but apparently bringing those 75% frozen at $96.40 up to to $99.90 generates enough revenue to satisfy the formula while allowing a reduction for the rest of us. Sounds good to me.

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Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 17407 of 19483
Subject: Re: 2012 Medicare Part B Costs Date: 10/28/2011 9:11 AM
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I'm in a mixed year. I start the year with BCBS, then I get to join Medicare in July. My BCBS premiums just went up 38% to about $9K, and that doesn't count the $2.5K deductible and $2K co-insurance. I'll be glad to get on Medicare, because I'll likely save quite a bit. I haven't looked yet about medigap carriers and drug coverage, but I'll be needing both.

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Author: REB60 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 17408 of 19483
Subject: Re: 2012 Medicare Part B Costs Date: 10/28/2011 11:00 AM
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Here is the web-page to the true of the matter:):):)

http://www.cms.gov/apps/media/press/factsheet.asp?Counter=41...

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Author: telegraph Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 17409 of 19483
Subject: Re: 2012 Medicare Part B Costs Date: 10/28/2011 11:09 AM
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Even better, you are getting a 3.4% raise in SS.

t.

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