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Medicare hike

Thanks to extended and frequent time-outs in 2015, which include backlog of work, Congress will have nine working days until the new fiscal will begin in October 1. Congress is still on August recess until after Labor day. Below are a few things Congress must figure out during this short working month: Medicare Premiums: Will Part B premiums by paid in millions including many retirees remain at $104.90 per month or will remain at one in three will be hit with a $50 per month increase. Health Premiums: Health premiums for 2016 will be released in November. Some will remain...

Paying for Medicare premiums

Medicare enrollees generally do not have to pay premiums for Medicare Part A, however; they will have monthly premiums if they are enrolled in Part B. Most enrollees pay $104.90 each month for Part B in 2015. If a person adjusted gross income is more than $85,000 (for singles) or $170,00 (If married and filling jointly) you will pay $146.90 to $335.70 per month each month. If a person is receiving Social Security benefits, the monthly premium will be deducted from your monthly benefits. If you have not signed up for Social Security benefits, you will receive a monthly...

Medicare premiums to jump 50%?

30% of Medicare enrollees including new enrollees may be hit with higher premiums. Laws now require Medicare to recover 25% of Part B expenses for covered medical equipment, outpatient and doctor services. These expenses are increasing, which is causing Medicare to hike their premiums. Normally, enrollees with Part B will pay higher premiums. However, this is  not expected to be the case in 2016. This is because most Part B premiums are paid to people via monthly Social Security payments. They are called hold harmless provision. According to this rule Medicare enrollees...
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