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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:09 AM
Original message
Rise in Medicare premiums less than feared in 2012
Source: Associated Press

<...>

The new Part B premium for outpatient care will be $99.90 a month for 2012, or about $7 less than projected as recently as May.

The bottom line: most seniors will pay an additional $3.50 a month next year, instead of $10.20, as forecast earlier.

Some younger retirees who enrolled recently have been paying up to $115.40 a month. Instead, they'll get a sizable break next year.

<...>

Medicare's Part B annual deductible, the amount beneficiaries pay before their coverage begins, will also drop next year to $140, a decrease of $22.

Read more: http://news.yahoo.com/rise-medicare-premiums-less-feare...
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:18 AM
Response to Original message
1. IOW, Medicare premiums are going up again, even as Dems put Medicare cuts on the table
Edited on Thu Oct-27-11 11:19 AM by No Elephants
of the Super Committee.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:23 AM
Response to Reply #1
2. Luckily
the Republicans rejected Baucus' offer.

All in all, a $3.50 increase is a lot better than a $10 increase, especially when coupled with a $22 decrease in deductible.

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:38 AM
Response to Reply #2
5. Unluckily, they are increasing the premium, even as they propose cuts to benefits.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 12:04 PM
Response to Reply #5
8. Also, here's
some good news about Social Security.

Let's hope things continue to improve.

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DURHAM D Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:24 AM
Response to Reply #1
3. Not for me. Its going down. nt
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totodeinhere Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:06 PM
Response to Reply #1
13. It is a shame that they are going up at all, but most seniors expected a bigger hit than that. And
most private insurance has gone up much more than that lately.
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Systematic Chaos Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:30 AM
Response to Original message
4. I'm sure glad that the Medicare I can't even afford won't be getting as additionally expensive as...
...first thought.

I'll sleep a whole lot better now. Really.
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:39 AM
Response to Original message
6. Don't forget that the Part B premium is deductible on fed taxes if you itemize
and your medical expenses are more than 7.5% of your adjusted gross income (and mine always are). So that's a
$1,198.80 tax deduction.
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dmosh42 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 01:10 PM
Response to Reply #6
11. Thanks for that info. Never thought of that when doing my taxes.
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Kingofalldems Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 11:49 AM
Response to Original message
7. My FEHB monthly actually is going down next year.
Yay!
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grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 12:14 PM
Response to Original message
9. it's infuriating that $10/month makes so much difference to millions...
....of Americans because of the 1%.

Seriously, we are talking about $10/month as if it is a fortune. That is an indication of how skewed our capitalist system is. Look at an hour's worth of television advertising and then consider how much value there is in $10.
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RebelOne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 12:47 PM
Response to Original message
10. That's good news, especially since we are getting a cost
Edited on Thu Oct-27-11 12:48 PM by RebelOne
of living adjustment in 2012. I thought that Medicare premiums would be going up, which would wipe out the COLA.
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Hoyt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 01:48 PM
Response to Original message
12. Looks like COLA won't be offset completely by Medicare premium increase as many proclaimed.
Edited on Thu Oct-27-11 01:48 PM by Hoyt

None of us will be throwing a party or anything, but much better than the fears previously expressed.
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Fool Count Donating Member (878 posts) Send PM | Profile | Ignore Thu Oct-27-11 02:43 PM
Response to Original message
14. Yeah, that's the way to do it - start with a lot of fear and then
whatever happens will be "less than feared" bringing so much relief, not to mention
excellent headlines.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:05 PM
Response to Original message
15. Unfortunately, after two years of missing COLA's post-W's inflationary wars .....
whatever the increase in Medicare I would imagine it will be difficult for seniors!!

Allegedly they'll be a 3.6% increase in Social Security -- certainly not sufficient

to make up for W Bush years and the inflation.




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