Congress caps Medicare Part B premium spike for 2021

[CountAllVotes]

Normally, we’d pretty much know by this time what the premium will be.
Casey Schwarz
Senior counsel for education and federal policy at the Medicare Rights Center

The Medicare trustees forecasted in April that the standard 2021 Part B premium would rise to $153.30 in 2021 from $144.60 this year ($8.70 more monthly, or a 6% increase). However, the trustees’ report noted that the impacts of Covid-19 were unknown and therefore could not be factored into the estimates.

While many of Medicare’s 62.7 million beneficiaries are protected from large Part B premium hikes, others are not. And, higher-income beneficiaries already pay extra each month.

https://www.cnbc.com/2020/09/29/congress-may-limit-medicare-part-b-premium-increase-for-2021-.html?__source=sharebar|twitter&par=sharebar

That's right, maybe we would know by now!

[rsdsharp]

1. I read earlier today somewhere that the increase will be $3.90/month.

[CountAllVotes]

2. Usually they know by the end of October

That is the end of the fiscal year for the government.

More tricks has been my worry.

You cannot trust the con.

Thanks for the info.

[doc03]

3. Me too I don't know what it will be now $3.90 or $8.70. I am

confused?

[dflprincess]

4. So Medicare B is going up between 3% and 6%isu

and the Social Security cola for 2021 is less than 2%.

This is why I keep working. I'm in the odd position that what I pay for my employer provided insurance costs less than Medicare B (and that's before you add a supplement, dental, and Medicare D), and covers way more.

It's so frustrating.

[brush]

5. So this would come out of the cost of living raise?

Or is there going to be a cost of living raise?

[CountAllVotes]

6. 1.3% Jan. 1st is what I read

https://www.ssa.gov/cola/


Hope this helps!

[brush]

7. Yes. Thanks.