A link has been provided below which (Medicare Quick Reference Guide) (QRG) shows Medicare part B premium and benefits 2018, High F deductible, out of pocket for Medicare supplement plan L and K and other services such as skilled nursing. The Medicare part B premium of $134 is staying the same for 2018. There are a number of people that aged into Medicare when the premium was below $134. They have not been increased to $134 due to the Medicare Part B premium “Hold Harmless” provision.
Under the Hold Harmless provision about 70 percent of people will have a small increase their partBpremium. The increase will be about equal to the their social security increase. However, the premium for these people will not be raised all the way up to $134. About 30% of people are not considered to meet the “hold harmless” guidelines. These individuals will have to pay the full $134 for 2018. Below is an explanation from Medicare about who does not qualify for “hold harmless”
“MedicarePartB beneficiaries not subject to the “hold harmless” provision include beneficiaries who do not receive Social Security benefits, those who enroll in PartB for the first time in 2018, those who are directly billed for their PartBpremium, those who are eligible for Medicaid and have their premium paid by state Medicaid agencies, and those who pay an income-related premium. These groups represent approximately 30 percent of total PartB beneficiaries.”
Click the link to see the Medicare benefits for 2018 for all the cost shares such as Part A deductible, Part B deductible and changes in Medicare Supplement out of pocket maxes for 2018
Part B enrollment special election rules Before you sign up for your Part B Medicare coverage there are some Part B enrollment special election rules that you need to understand. You are not required to takeRead more
Medicare Part B Coverage Medicare Part B coverage is medical insurance. Part B covers doctor visits. It also covers well visits. Coverage for medically necessary services and supplies is provided. This coverage includes any serviceRead more
Medicare Part B Premium Costs When turning 65, individuals need to understand the Medicare Part B Premium costs. Individual Medicare recipients pay a premium each month for Part B. If you receive either Social Security,Read more
Who Should Enroll in Medicare Part B? Deciding when and if you should enroll in Medicare Part B can be a daunting task. Getting or maintaining the best coverage depends on your understanding of MedicareRead more