Medicare Part B Premium Could Increase

Posted by Allen Heffler on 5/12/2015 Allen Heffler, Medicare insurance broker and advisor in Willow Grove- As part of the “doc fix” legislation that Congress passed and President Obama is expected to sign, some higher income Medicare beneficiaries could see their monthly Medicare Part B premium increase as much as 30%. The bill increases Medicare reimbursements and payments to doctors and will be financed with higher Medicare Part B premiums, starting in 2018, if this passes through Washington.  Medicare Part B covers such medical items as doctor visits and outpatient testing. The premium that must be paid is based on the Modified Adjusted Gross Income. The standard monthly premium is $104.90. For those Medicare beneficiaries who have higher incomes, the Part B premium is higher. This new potential change does not affect those with lower to moderate income.
Allen Heffler is a Medicare broker located in Willow Grove, PA. If you have any questions feel free to contact him at (215) 658-1776

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