70% of Medicare beneficiaries will find 2016 to be much like 2015 in terms of their health benefits. They will pay $104.90 per month for their Medicare Part B premium — just like 2015.<\/p>\n
But for the other 30% \u2014 roughly 7 million or so Americans – 2016 may be quite different.<\/p>\n
That\u2019s because premiums for individuals could increase a jaw-dropping 52% to $159.30 per month ($318.60 for married couples). And for individuals whose incomes exceed certain thresholds, premiums could rise to anywhere from $223.00 per month up to $509.80 (or $446 to $1,019.60 for married couples), depending on their incomes.<\/p>\n
What gives? Blame the \u201chold harmless\u201d provision in the law that addresses cost-of-living adjustments (COLA) for Social Security benefits.<\/p>\n
That law limits the dollar increase in the premium to the dollar increase in an individual\u2019s Social Security benefit, according to a report by Alicia Munnell of the Center for Retirement Research at Boston College.<\/p>\n","protected":false},"excerpt":{"rendered":"
70% of Medicare beneficiaries will find 2016 to be much like 2015 in terms of their health benefits. They will pay $104.90 per month for their Medicare Part B premium — just like 2015. But for the other 30% \u2014 roughly 7 million or so Americans – 2016 may be quite different. That\u2019s because premiums […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"\n