2019 Medicare Changes Finalized

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:

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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.
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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.