You may have read today that the Senate passed the new Budget deal boosting spending for the next two years. The deal still requires the signature of President Obama which should happen in the next few days.
We do not yet have access to the entire bill, but our understanding of the changes as it relates to Medicare are below. We will publish an update if things change.
Medicare Part B Premiums increase 15% in 2016
The prior proposals for Part B Premium increases were very high (up to 52% increase). A significant amount of lobbying was done in Washington to reduce the increase and minimize the impact. The net result appears to be a 15% increase rather than a 52% increase. These are unofficial rates for 2016.
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