Medicare Beneficiaries will Likely Face Significantly Higher Premiums in 2016

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Medicare Part B premiums for roughly 30 percent of Medicare beneficiaries could increase by up to 52 percent in 2016—$159.30 per month per person or $318.60 for married couples. The increase may be due to the “hold harmless” provision in a law that addresses cost-of-living adjustments (COLA) for Social Security benefits. The individuals likely to face these higher premiums are those who enroll in Part B for the first time in 2016, dual Medicare-Medicaid beneficiaries, enrollees who do not receive a Social Security benefit, current enrollees paying an income-related higher premium, and beneficiaries who are directly billed for their Part B premium. You can read the full USA Today story here.

Last Updated on May 7, 2020 by Aimed Alliance

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