Thanks, Obama. (Page 1/1)
williegoat DEC 07, 02:46 PM
For next year, Medicare Part B premiums will increase by more than 13%. They took Medicare out of my paycheck for years so they could provide it to me in my "Senior years", but next year I will be paying more for Medicare each month than I paid for health insurance before the "Affordable" Care Act.

------------------
Let's go Brandon!

maryjane DEC 07, 04:41 PM
yep. that increase will also cut into the expected cola (increase) in monthly SS payments. For most ppl, that SS COLA increase was around $100 or 5.9%.

The Pt B increase won't take it all but will take a significant part of it.

"The standard monthly premium for Medicare Part B enrollees was $144.60 for 2020, an increase of $9.10 from $135.50 in 2019.
The standard monthly premium for Medicare Part B enrollees was $148.50 for 2021.
The standard monthly premium for Medicare Part B enrollees will be $170.10 for 2022, an increase of $21.60 from $148.50 in 2021. The annual deductible for all Medicare Part B beneficiaries is $233 in 2022, an increase of $30 from the annual deductible of $203 in 2021"

[This message has been edited by maryjane (edited 12-07-2021).]

blackrams DEC 07, 06:43 PM
All I'm gonna say is, they didn't read it before they voted for it.

You know who to blame........

Rams
randye DEC 08, 02:53 AM

quote
Originally posted by williegoat:

For next year, Medicare Part B premiums will increase by more than 13%. They took Medicare out of my paycheck for years so they could provide it to me in my "Senior years", but next year I will be paying more for Medicare each month than I paid for health insurance before the "Affordable" Care Act.




Like most people, I was "auto-enrolled" in Part A when I turned 65 but I opted out of Part B because I get all my healthcare through the VA

My wife turns 65 this next year and we have been looking at this Medicare mess in anticipation of her enrollment.

Based on what we know at this point it looks like her also opting out of Part B and then enrolling in a commercially offered Medicare Advantage plan, (Part C) is a much lower monthly premium cost but also gives her all of the benefits of Medicare Part A and B as well as Part D and a few other benefits such as vision care and very basic / limited dental.
hammer DEC 10, 07:12 PM
Heh, am I the only one who remembers that when somebody turned 65 they were on Medicare and that was it??
maryjane DEC 10, 08:59 PM

quote
Originally posted by hammer:

Heh, am I the only one who remembers that when somebody turned 65 they were on Medicare and that was it??


No you aren't the only one that remembers. The Pt B supplement used to be called Medigap. Began sometime in the early 90s.

(I'm also old enough to remember when there was no Medicare at all. That started during LBJ's presidency)

[This message has been edited by maryjane (edited 12-10-2021).]

cliffw DEC 11, 06:46 AM

quote
Originally posted by randye:
Based on what we know at this point it looks like her also opting out of Part B and then enrolling in a commercially offered Medicare Advantage plan, (Part C) is a much lower monthly premium cost but also gives her all of the benefits of Medicare Part A and B as well as Part D and a few other benefits such as vision care and very basic / limited dental.



Hmm ...

I have seen those commercially offered Medicare Advantage plans. From Jimmy J (DYINOMITE) Walker, to our newest oldest astronaut, (William Shatner), to many yahwhos. I figured that it was (and is) enrollment time, the "window". (Which should be anytime you want to in my thinking.)

All these plans are by insurance companies, not affiliated with Medicare. I have not looked into them. As said, "a fool and their money are soon parted".

I might have another look see. What time does the window shut ?

[This message has been edited by cliffw (edited 12-11-2021).]

maryjane DEC 11, 09:19 AM

quote
Originally posted by cliffw:


Hmm ...

I have seen those commercially offered Medicare Advantage plans. From Jimmy J (DYINOMITE) Walker, to our newest oldest astronaut, (William Shatner), to many yahwhos. I figured that it was (and is) enrollment time, the "window". (Which should be anytime you want to in my thinking.)

All these plans are by insurance companies, not affiliated with Medicare. I have not looked into them. As said, "a fool and their money are soon parted".

I might have another look see. What time does the window shut ?




Not 'exactly' true.

Not all for sure. Most plans, in order to qualify as a Part B supplement or Medicare Advantage program, have to meet Medicare specifications of one kind or another.
Medicare's Pt B, (the part that covers doctor's visits, tests etc which ya pay for), doesn't cover everything and what it does not cover can be substantial. There are different 'plans' within Part B supplements, and coverage is different with each plan (plans A-G I believe) and the more the plan covers that Medicare Part B does not, the more the supplement costs.

First time Enrollment for Medicare begins initially 3 months before you turn 65 and ends 3 months after the month you turned 65.

To get different covearge once you have enrolled, the enrollment period runs from Oct 15 thr Dec 7, which means the enrollement period has already ended for 2021. (unless the enrollment period has been extended, which it was in 2020)
In other words, once you are enrolled in Medicare Pt A or B, From October 15 – December 7 each year, you can join, switch, or drop a plan.