Medicare Premium Increase, Has Your Premium Bill Gone Up Yet?

SeaBreeze

Endlessly Groovin'
Location
USA
Our Medicare Premium bill has been $402. Today we received the latest bill for my husband and it was $405, and increase of $3 (for 3 months coverage). I'm not sure if this is the set amount we'll be getting from now on, but I think so.

Have you had an increase in your Medicare Premium yet?
 

Our Medicare Premium bill has been $402. Today we received the latest bill for my husband and it was $405, and increase of $3 (for 3 months coverage). I'm not sure if this is the set amount we'll be getting from now on, but I think so.

Have you had an increase in your Medicare Premium yet?

I wasn't aware of 3 month billing, but equates to my current monthly premium of $134. With it going to $135.50 @ a month and always getting rounded up OASI checks, I expect $136 @ month, starting soon.
 

That does not sound like Medicare, or is that your Supplemental??

It's the Medicare Part B premium sent to CMS Medicare insurance. They've sent a couple of letters along with the bill. Their similar online info is here.

Since 2 months of my current payment are for 2019, my bill is $405 now. I imagine my next payment which will be for 3 months in 2019 will be $406.50 (or $407). I don't mind the increase, it's really not much at all, after paying for regular health care premiums for so long, it's a big savings for us to be on Medicare. Once we're on SS, they'll automatically deduct this amount and we won't get mailed a bill.

2018

The standard Part B premium amount in 2018 is $134 (or higher depending on your income). However, some people who get Social Security benefits pay less than this amount ($130 on average). You'll pay the standard premium amount (or higher) if:

  • You enroll in Part B for the first time in 2018.
  • You don't get Social Security benefits.
  • You're directly billed for your Part B premiums (meaning they aren't taken out of your Social Security benefits).
  • You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $134 for 2018.)
  • Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount. If so, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
If you're in 1 of these 5 groups, here's what you'll pay:

2019
The standard Part B premium amount in 2019 will be $135.50. Most people will pay the standard Part B premium amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.
 
I don't expect to see an increase in my premium until we get the SS COLA in 2019. It's supposed to be $1.50 for people in my income bracket. As Harold pointed out, they'll probably round it up to $2.
 

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