Navigation Links
Medicare Part B Premium Increase Lower Than Expected
Date:10/27/2011

By Steven Reinberg
HealthDay Reporter

THURSDAY, Oct. 27 (HealthDay News) -- The premium new Medicare patients will pay for part B benefits in 2012 will be less than expected and the Part B deductible will also be $22 lower, U.S. health officials said Thursday.

However, for those already on Medicare that premium will represent an increase. Since 2008, most people with Medicare have paid a monthly premium of $96.40, because a law froze Part B premiums in years when there was no cost-of-living increase in Social Security. In 2012, those people will pay $99.90.

"After two years of no increases in Medicare Part B premiums, premiums for most beneficiaries will go up next year, just $3.50 a month, far less than the $10 increase that was forecasted," Kathleen Sebelius, Secretary of the U.S. Department of Health and Human Services, said during a noon news conference.

"That means that Part B premiums in Medicare have risen just over 3 percent in the last four years. That's pretty remarkable," she said.

The deductible will also drop down to $140. Part B is the part of Medicare that covers parts of doctor visits, outpatient care, some medical equipment and some preventive care.

The 2012 premium is $15.50 less than 2011 premium of $115.40 paid by people entering Medicare and those already in Medicare with higher incomes.

The premium increase is also offset by an increase in a Social Security cost-of-living adjustment, according to the agency.

"Since we have kept next year's premium increase lower than the cost-of-living adjustment to seniors' Social Security benefits, the typical retired worker will have nearly $40 more per month in their pocket next year," Sebelius said.

The average Social Security increase will be $43 a month, far larger than the $3.50 premium increase.

Medicare Part A benefits, which cover hospitals, nursing homes and some home health care, will go up by $1, to $451 a month, in 2012. The deductible is also increasing to $1,156 from $1,132 -- a $24 increase.

Sebelius added that Medicare is stronger due to the Affordable Care Act. In addition, she noted the people who opt for Medicare Advantage will pay 4 percent less in 2012 than they did in 2011.

The premium for Medicare Part D, the prescription drug program, will remain unchanged, she said. Also people who go over the allotted benefit and fall into the so-called doughnut hole will get a 50 percent discount on covered brand name drugs. "That's real money back in peoples' pockets," Sebelius said.

"Already nearly 1.8 million Americans have saved almost $1 billion with these discounts last year and they will be available again next year as we work toward 2020 when we fully close the doughnut hole," she said.

The open enrollment period for Medicare started Oct. 15 and closes on Dec. 7.

More information

For more information on Medicare, visit the Medicare.gov.

SOURCES: Oct. 27, 2011, teleconference with: Kathleen Sebelius, Secretary, U.S. Department of Health and Human Services


'/>"/>
Copyright©2010 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Many Medicare Patients Get Surgeries in Last Year of Life: Study
2. Medicare patients at risk of long-term institutionalization after hospital stay
3. Enrollment Period for Medicare Starts Early This Year
4. Some Older Americans Overwhelmed by Medicare Options, Study Says
5. Complex choices in Medicare Advantage program may overwhelm seniors, study finds
6. Clinic demonstrates improved quality of care resulting in cost savings for Medicare
7. No Increase in Medicare Drug Premiums in 2012
8. Study Finds Savings From Medicares Drug Plan Extend Beyond Cost of Meds
9. Debt ceiling agreement essential to prevent disruption of care for Medicare & Medicaid patients
10. Medicare Will Pay for Prostate Cancer Drug
11. Most Medicare Patients With Cancer Get Good Surgical Care: Study
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Medicare Part B Premium Increase Lower Than Expected 
(Date:7/26/2017)... ... 26, 2017 , ... Six greater Bay Area roller derby leagues are partnering with Brown Paper ... widely attended series of blood drives in California, beginning July 29. Make ‘Em Bleed roller ... years -- enough to have helped to save up to 2700 lives. , “The Make ...
(Date:7/26/2017)... (PRWEB) , ... July 26, 2017 , ... A major ... processes. Inconsistent results freeze drying samples and a lengthy freeze dry cycle are a ... will discuss freeze drying techniques, as well as new accessories and advancements in laboratory ...
(Date:7/26/2017)... ... July 26, 2017 , ... “We are dentists and we thought there ... Jose, Calif., “so we invented the MAGNETIC/ LOCK BRACKETS.” , The patent-pending MAGNETIC/ LOCK ... In doing so, it offers an effective alternative to traditional braces. As a result, ...
(Date:7/26/2017)... ... ... to sign up for the new One-A-Month Essential Oil Club for fun and wellness. ... and author of numerous books on essential oils. , , Members ... Two items are included in the December mailing. , A HOW ...
(Date:7/26/2017)... ATLANTA, Ga. (PRWEB) , ... July 26, 2017 , ... ... and equal access to medicine for everyone affected by diabetes, is excited to announce ... of its Global Ambassador Program. , Established in 2005, the Team Type 1 ...
Breaking Medicine News(10 mins):
(Date:7/14/2017)... , July 14, 2017 Endo International plc (NASDAQ: ... on Tuesday, August 8, 2017.  Members of its senior management team ... markets open at 8:30 a.m. ET. The dial-in ... (866) 497-0462, International (678) 509-7598, and the passcode is 45397076. Please ... A replay of the call ...
(Date:7/12/2017)... , July 12, 2017 CarpalAID is a revolutionary ... braces or surgery. Carpal tunnel syndrome affects more than ... at twice the rate of men. The common methods of treating ... mobilization with uncomfortable hand braces or gloves. ... CarpalAID is a clear patch ...
(Date:7/11/2017)... , July 11, 2017  Sysmex America, Inc., ... diagnostic testing equipment as well as middleware information ... way to make quality assurance easier and more ... is well known for the innovation that it ... Monitor elevates quality assurance processes to a new ...
Breaking Medicine Technology: