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Per Medicare FAQs, the Part B Premium will go up from $135.50 to $144.30, or an increase in $8.80/month. This hasn't been formally annouced yet, but it is considered an accurate estimate. But if it is the actual value, then any SS beneficiary with a monthly benefit of $550 will use all of the inflation adjustment to pay for the increase in the Part B premium. For the 'average' benefit wil then actually go from $24 to $15.20/mo. The top SS benefit for 2020 of $3,011 will see COLA increase of $48.18 or $39.38 after the part B increase.

A couple of other interesting Medicare changes beginning 2020:

Those who become Medicare eligible (turn 65) in 2020 will not be able to purchase 'first dollar' Medigap plans C, F and even high-deductible F. The purpose of Congress doing this is to expose all Medicare insureds to have to pay something out of pocket to prevent over-use. But this only applies to new eligibles, not to those already on these plans or those covered by a group plan who have deferred part B...they are grandfathered.

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