Senior Advisors
  • Home
  • FREE Quotes
  • About YOU
    • Turning 65, Ready to enroll?
    • Working Past Age 65?
    • Already on Medicare, Looking to Save Money?
    • Currently on a Retiree Plan?
  • About Us
  • Products
    • Medicare Supplements & Medicare Advantage >
      • Medicare Supplement - Plan F >
        • Plan F (2022)
        • Plan F (2023)
      • Medicare Supplement - Plan G >
        • Plan G (2022)
        • Plan G (2023)
      • Medicare Supplement - Plan N >
        • Plan N (2022)
        • Plan N (2023)
    • Medicare Part D - Prescription
    • Medicare & Dental
    • International Travel
    • Long-Term Care Insurance
    • Cancer and Heart Attack or Stroke Insurance
    • Medigap Plans
  • Workshops
    • Register for Workshop
    • Watch Workshop Now
  • Carrier Partners
  • Medicare Blog
  • Testimonials
  • Contact Us
  • Become an Agent
  • Areas We Serve
    • Basking Ridge, NJ
    • Livingston NJ
    • Medford, NJ
    • Mountainside, NJ
    • Mount Laurel, NJ
    • Philadelphia, PA
    • Phoenix, AZ
    • Scotch Plains, NJ
    • Scottsdale, AZ
    • Short Hills, NJ
    • Summit, NJ
    • Westfield, NJ
    • Princeton, NJ
    • Washington Township
    • Monroe Township, NJ
  • Medicare FAQs
  • Coffee with Justin
  • Medicare Minute

2019 Medicare Changes Finalized

10/13/2018

12 Comments

 
Picture
In prior years, we didn't hear about changes to Medicare & Social Security until November/December for the following year.

However, on Friday 10/12/18, the Government Announced 2019 Changes to Social Security & Medicare which are summarized below.
  • 2.8% increase in Social Security Payments for 2019 (biggest increase since 2012)
  • Minimal increase of $1.50/month in the base Part B Premium from $134/month in 2018 to $135.50/month in 2019
  • Minimal increase of $2 in the annual Part B deductible from $183 to $185
  • Minimal Increases in Part A Deductible & Coinsurance Amounts:

Picture
For the Part B Premiums, Part B Income Related Monthly Adjustments, and Part D Income Related Monthly Adjustments there were also minimal increases for 2019.
​
Picture
Picture
Picture

Overall, this is very good news for individuals on Social Security and Medicare.  The increase in the Social Security check should far outweigh the increase in Medicare costs for 2019.
12 Comments
Rose Mary Lanfranchi
10/13/2018 12:38:06 pm

Thank you Justin. I hope you and your family are well and happy.
Take care, Rose Mary

Reply
Justin Lubenow
10/13/2018 12:51:20 pm

Hi Rose Mary - thanks for the note! Everyone is great - take care!

Reply
Malisette Josif
10/13/2018 01:46:02 pm

Thank you Rose Mary for the information

Reply
Steven
10/13/2018 03:59:43 pm

Is that increase calculated before medicare is taken out?

Reply
Justin Lubenow
10/13/2018 08:11:12 pm

Hi Steven - Yes, the Social Security increase is on the gross amount.

Reply
Carolyn J Mathews
10/14/2018 05:25:33 am

Thank you so much for increase. Every tiny bit helps. And not increasing Medicare premium by the same amount is wonderful. Since I have been retired I have not received any increases at all because Medicare took it all. Hopefully not this time. Maybe I'll see a dollar or two of the increase which would almost pay for a loaf of bread. Again to whomever worked this increase up THANK YOU!!

Reply
Justin Lubenow
10/14/2018 11:44:15 am

Hi there - I wish I could take credit for the increase but I can’t :-). Best regards, Justin

Reply
melinda price
10/14/2018 08:56:16 am

Thanks. Hope this really is good news! It would be better news if we got an increase in Medicare without a counterbalance in the cost of premiums.

Reply
Justin Lubenow
10/14/2018 11:39:23 am

Hi Melinda - yes, the 2.8% increase should definitely cover the $1.50/month increase in the Part B premiums and the $2 per year increase on the Part B deductible from $183 to $185 in 2019. Take care, Justin

Reply
Carol
10/14/2018 11:34:27 am

Just as usual - the increase of 2.8% will leave me with less than $5/month more in my pocket - doesnt keep up with food, medicine, and gasoline increases!! This happens EVERY year - cost if food ALONE in far nirthern NJ will be mire than $5/month! And I still can’t afford to pay my $405/year co-insurance deductible for medications (so I have to hope & pray Iour lical clinic keeps receiving samples of one of my meds; otherwise, I can’t afford to take it, since rhere is no generic & it is “out of formulary). The NJ assistance plan for low income & below poverty line won’t pay for it if the primary prescription drug plan does’t cover it, and the manufacturer won’t send you free sample supplies if you have any health insurance. And no, there is not another drug I can switch to.

Very discouraging. Can’t afford vacations anymore, can’t affir new clither, definitely can’t afford new shoes, or car repairs.

Reply
Justin Lubenow
10/14/2018 11:42:47 am

Hi Carol - even with the minimum social security benefit ($750/month), this 2.8% would increase about $20/month or $240 per year... hopefully that can help with your drug deductible that you mention. Another option is to get a Part D plan that has a $0 deductible. If you are on PAAD, PAAD should pay the Part D premium for you too.

Reply
Maggie
10/14/2018 12:34:19 pm

For me, it's the meds that kill me. After 47 years of nursing and 1 year of RETIREMENT I just took a job waitressing @ a little mom & pop. Cracks me up when people ask if I'm bored. Not bored, broke, after the 20th of the month. Not making a mint but it's milk,bread & gas money.
BTW after all those years of swimming in every germ known to man & NEVER getting sick, I'm recovering from pneumonia. Go figure!

Reply



Leave a Reply.

    Justin Lubenow

    See bio here

    CLICK HERE TO SEND US A TEXT!

    Archives

    January 2023
    November 2022
    September 2022
    August 2022
    June 2022
    April 2022
    March 2022
    January 2022
    November 2021
    September 2021
    July 2021
    April 2021
    March 2021
    February 2021
    January 2021
    November 2020
    October 2020
    September 2020
    August 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    October 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018
    November 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015

    Categories

    All

    RSS Feed

Our Services
Company

Products & Services
Carrier Partners
About
Testimonials
Contact Us
Moorestown Office |  214 W. Main Street, Suite 101, Moorestown, NJ 08057 | Tel:856-866-8900
 Servicing Moorestown, Cherry Hill, Mount Laurel, Haddonfield, Voorhees, Medford, Marlton,  Philadelphia, surrounding towns, and licensed in 30+ other states as well.
 
Cranford Office        |  15 Alden Street, Suite 8, Cranford, NJ 07016                  | Tel: 908-272-1970 
 Servicing Cranford, Westfield, Summit, Scotch Plains, Mountainside, Berkeley Heights, New      Providence, Basking Ridge, surrounding towns, and licensed in 30+ other states as well.
​
Phoenix Office  | P.O. Box 
71283. Phoenix, AZ 85050.                                         | Tel:  602- 996-1549
Servicing Phoenix, Scottsdale, Peoria, Sun City, Sun City West, Paradise Valley, Fountain Hills, Cave Creek, surrounding towns and licensed in 30+ other states as well.

Email:  info@senior-advisors.com                                     (Se Habla Español -Tel: 908.481.5678)   

Not connected with or endorsed by the United States government or the federal Medicare program.
​
​
Copyright © 2022 Senior Advisors, LLC       |     Licensing & Legal     |     Privacy Policy

  • Home
  • FREE Quotes
  • About YOU
    • Turning 65, Ready to enroll?
    • Working Past Age 65?
    • Already on Medicare, Looking to Save Money?
    • Currently on a Retiree Plan?
  • About Us
  • Products
    • Medicare Supplements & Medicare Advantage >
      • Medicare Supplement - Plan F >
        • Plan F (2022)
        • Plan F (2023)
      • Medicare Supplement - Plan G >
        • Plan G (2022)
        • Plan G (2023)
      • Medicare Supplement - Plan N >
        • Plan N (2022)
        • Plan N (2023)
    • Medicare Part D - Prescription
    • Medicare & Dental
    • International Travel
    • Long-Term Care Insurance
    • Cancer and Heart Attack or Stroke Insurance
    • Medigap Plans
  • Workshops
    • Register for Workshop
    • Watch Workshop Now
  • Carrier Partners
  • Medicare Blog
  • Testimonials
  • Contact Us
  • Become an Agent
  • Areas We Serve
    • Basking Ridge, NJ
    • Livingston NJ
    • Medford, NJ
    • Mountainside, NJ
    • Mount Laurel, NJ
    • Philadelphia, PA
    • Phoenix, AZ
    • Scotch Plains, NJ
    • Scottsdale, AZ
    • Short Hills, NJ
    • Summit, NJ
    • Westfield, NJ
    • Princeton, NJ
    • Washington Township
    • Monroe Township, NJ
  • Medicare FAQs
  • Coffee with Justin
  • Medicare Minute