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  #1  
Old 08-30-2015, 02:42 PM
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Default SS heads up !!!

For those of you contemplating SS and Medicare ( part B)
Signup. This is important.
Big news on part b premiums for new sign ups and Medicare people that do not recieve SS :

https://www.yahoo.com/finance/news/m...101500900.html

The details :

http://crr.bc.edu/wp-content/uploads...8/IB_15-14.pdf
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Old 08-30-2015, 08:36 PM
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To those contemplating the wisdom of carrying Part B, which basically pays the doctors' bill, and out pt lab & radiology bills: with a deductible of over $100 and monthly cost of over $100, and given the cost of an office visit in the $100 range, your first 13 office visits come out of your own pocket before the insurance kicks in anything, and then only 80%. Are you doctor bills more than $1600 a year?

Last edited by doc; 08-30-2015 at 08:45 PM.
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Old 09-02-2015, 04:50 PM
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A raise in premium from roughly $105 to $160 will be a.....

Hard pill to swallow.....

Let alone any other changes that raise co-pays, fees, deductibles etc...

OUCH....
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Old 09-02-2015, 05:23 PM
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Way I read it is that it only affects those new enrolled that are are signed or will sign up for Medicare and are not receivin SS. No one else.
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Old 09-03-2015, 12:38 AM
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So are you saying that If I start taking SS benefits in 2015 I would be protected from this increase?
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Old 09-03-2015, 12:57 AM
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I am not an Medicare person buts that how I read it. SS recipients are held harmless and will not be affected.
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Old 09-04-2015, 09:28 PM
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Quote:
Originally Posted by MissouriFree View Post
For those of you contemplating SS and Medicare ( part B)
Signup. This is important.
Big news on part b premiums for new sign ups and Medicare people that do not recieve SS :

https://www.yahoo.com/finance/news/m...101500900.html

The details :

http://crr.bc.edu/wp-content/uploads...8/IB_15-14.pdf
Went to my local SS office today and was told this is not true. Lady said when Medicare goes up it goes up across the board. Whether you are currently taking SS or not has nothing to do with it.
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Old 09-04-2015, 10:31 PM
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Went to my local SS office today and was told this is not true. Lady said when Medicare goes up it goes up across the board. Whether you are currently taking SS or not has nothing to do with it.
With all respect to her I think she is wrong.

http://www.nolo.com/legal-encycloped...increases.html
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Last edited by MissouriFree; 09-05-2015 at 01:37 AM.
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Old 09-05-2015, 02:11 PM
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I called Medicare this morning and they told me the same thing, that when Medicare premiums go up they go up across the board. Being on Social Security or not does not determine whether you get an increase or not. I am very interested in this topic as I have just joined Medicare this month. My premium is $104.90. If it goes up I will post the increase.
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Old 09-05-2015, 02:59 PM
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B
Quote:
Originally Posted by Wildapple View Post
I called Medicare this morning and they told me the same thing, that when Medicare premiums go up they go up across the board. Being on Social Security or not does not determine whether you get an increase or not. I am very interested in this topic as I have just joined Medicare this month. My premium is $104.90. If it goes up I will post the increase.
https://www.kitces.com/blog/understa...beneficiaries/




https://www.law.cornell.edu/uscode/text/42/1395r

Quote:
(f) Limitation on increase in monthly premium
For any calendar year after 1988, if an individual is entitled to monthly benefits under 45 U.S.C. 231b(a), 231c(a), (f)] for November and December of the preceding year, if the monthly premium of the individual under this section for December and for January is deducted from those benefits under section 1395s(a)(1) of this title or section 1395s(b)(1) of this title, and if the amount of the individualís premium is not adjusted for such January under subsection (i) of this section, [b]the monthly premium otherwise determined under this section for an individual for that year shall not be increased, pursuant to this subsection, to the extent that such increase would reduce the amount of benefits payable to that individual for that December below the amount of benefits payable to that individual for that November (after the deduction of the premium under this section.

For purposes of this subsection, retroactive adjustments or payments and deductions on account of work shall not be taken into account in determining the monthly benefits to which an individual is entitled under section 402 or 423 of this title or under the Railroad Retirement Act of 1974 [45 U.S.C. 231 et seq.].section 402 or 423 of this title or to a monthly annuity under section 3(a), 4(a), or 4(f) of the Railroad Retirement Act of 1974

Hope this helps you . From pure medicare point of view they may all be right BUT SS is not allowed by law to increase the deduction from a person's SS check.

As a side note a lot CSRS civil service retires are not part of SS and this will affect them
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Last edited by MissouriFree; 09-05-2015 at 03:10 PM.
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Old 09-05-2015, 03:14 PM
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While I will benifit from this it probably isn't fair to those that will face the increase.
Part B is not funded from Medicare payroll deduction. It is just likie any other insurance and is funded by premiums. Medical cost go up premiums go up.
BUT with this holdharmless resulting in less than 25% facing the increase. They will carry the full burden. - paying the freight for the rest of us do to speak .
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Old 09-05-2015, 06:34 PM
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Quote:
Originally Posted by MissouriFree View Post
B

https://www.kitces.com/blog/understa...beneficiaries/




https://www.law.cornell.edu/uscode/text/42/1395r




Hope this helps you . From pure medicare point of view they may all be right BUT SS is not allowed by law to increase the deduction from a person's SS check.

As a side note a lot CSRS civil service retires are not part of SS and this will affect them
So are you saying that once the deduction for medicare starts coming out of you SS check it can never be increased?
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Old 09-05-2015, 08:08 PM
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.No not never. If you are receiving SS part B premiums can only go up as much as SS COLA increase. But if you are not receiving SS and are paying your part b. Premium some other way it increasing by amount of premiums increase. That's what I read and can find out.
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Old 09-08-2015, 01:50 PM
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This really sucks for retired military. We are required to have part b to get Tricare for life.

Once we hit age 65 we have to drop our current retired military insurance for me its Tricare Prime. And sign up for Tricare for life and start paying for part b for both my spouse and myself. So we went from free medical for life to well now you have to pay $500 a year for insurance to well now you have to pay $160 x2 a month. ($3,840 a year).
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Old 09-08-2015, 02:36 PM
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That really is the pits, Bones. Sure doesn't seem right after you've devoted your life to military service.
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  #16  
Old 09-08-2015, 03:46 PM
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Quote:
Originally Posted by Bones View Post
This really sucks for retired military. We are required to have part b to get Tricare for life.

Once we hit age 65 we have to drop our current retired military insurance for me its Tricare Prime. And sign up for Tricare for life and start paying for part b for both my spouse and myself. So we went from free medical for life to well now you have to pay $500 a year for insurance to well now you have to pay $160 x2 a month. ($3,840 a year).
But you can sign up for SS when eligible right ??
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Old 09-08-2015, 04:01 PM
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Yes we do, I paid into social security for 25 years while in the military.
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Old 09-08-2015, 05:58 PM
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Quote:
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Yes we do, I paid into social security for 25 years while in the military.
Do if you sign up for SS before end of year this won't bother you .
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Old 09-08-2015, 11:02 PM
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I am a few years off from 65 so I am sure the rates and rules will change even more.
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Old 09-08-2015, 11:18 PM
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Quote:
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I am a few years off from 65 so I am sure the rates and rules will change even more.
Good luck. Lots of calcs there - big spreadsheet
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