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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 19218  
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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