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
Part B Premiums and "Hold Harmless" Provision
- on Medicare Part B in 2015 AND
- in the first income tier (paying $104.90/month) AND
- taking Social Security payments
All other Medicare beneficiaries will need to pay the new Part B premium rates.
Part B Deductible increases to $167
There are three Medicare Supplements that pay for the Part B Deductible. If you have one of these plans, you will still be covered for the Part B deductible.
- Plan F
- Plan C
- Plan J (no longer available for new beneficiaries)
Part D (Prescription Drug Coverage) Changes in 2016
In our FREE guide for the Top 5 Biggest Mistakes people make on Medicare, the #2 biggest mistake is not properly analyzing your prescription drug coverage. Don't make this mistake or you could end up paying thousands more than you should for drug coverage.
Use a Plan G to offset increased Premium expenses
Call now to see if you are eligible for a Plan G!
1-856-866-8900 or 1-908-272-1970