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Way Too Early 2017 Part B Premium Prediction
Old 06-25-2016, 06:20 AM   #1
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Way Too Early 2017 Part B Premium Prediction

This time last year, Medicare estimates put the 2016 Part B premium at $159.30 and Part B deductible at $223. The actual 2016 Part B standard premium is $121.80 for new enrollees and $104.90 for grandfathered members. The actual 2016 Part B deductible is $166.

Well, they're back at it again. The 2017 estimated Part B premium has been pegged at $149 and estimated 2017 Part B deductible is $204.

The estimated SS increase is 0.2%, or $2 per $1000 benefit. Regulations prevent the Part B premium from increasing more than the SS increase. So, if you're currently grandfathered in at the $104.90 premium and receive a $2.10 SS increase, your 2017 Part B premium would be $107.00 assuming you are still not subject to IRMAA adjustments.

Source 1: Social Security recipients to get small increase
Source 2: Higher Earners Face Steep Hikes in Medicare Premiums - WSJ

Higher earners would pay more. The trustees project individuals earning between $85,001 and $107,000 and couples earning between $170,001 and $214,000 would have their 2016 monthly premiums rise from $170.50 a person this year to about $204.40 in 2017. For those earning more than $214,000, or $428,000 for couples, the projected increase is to about $467.20 a month, from $389.00 in 2016.

Last year, Congress staved off a 52% premium increase for Medicare beneficiaries not covered by the hold harmless provision via a deal in the budget agreement that raised premiums by 16% for them instead.
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