Message Font: Serif | Sans-Serif
 
No. of Recommendations: 5
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.
Print the post Back To Top
No. of Recommendations: 0
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.
Print the post Back To Top
No. of Recommendations: 0
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.
Print the post Back To Top
No. of Recommendations: 0
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.
Print the post Back To Top
No. of Recommendations: 4
Here is the web-page to the true of the matter:):):)

http://www.cms.gov/apps/media/press/factsheet.asp?Counter=41...
Print the post Back To Top
No. of Recommendations: 0
Even better, you are getting a 3.4% raise in SS.

t.
Print the post Back To Top
Advertisement