Medicare Part B Premium and Benefits 2018
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 part B premium. The increase will be about equal to the their social security increase. However, Medicare will not raise the premium all the way up to $134 for these people. About only 30% of people do not 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”
“Medicare Part B beneficiaries not subject to the “hold harmless” provision include beneficiaries who do not receive Social Security benefits, those who enroll in Part B for the first time in 2018, those who are directly billed for their Part B premium, 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 Part B 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
Please contact our office if you have any questions or to schedule an appointment. You can reach our office either by phone at (203)796-5403 or by email at edward@croweandassociates.com.