Medicare Part B monthly premiums for 2017 and Medicare Part A -B Deductibles are increasing…
CMS (Medicare) has just announced the new premiums for your Medicare Part B and the new deductibles for your Medicare Part A and Part B
The majority of people have been paying $104.90 for Part B for the last few years but will now be paying $109.00 with the 2017 Medicare increase.
The rest of Medicare beneficiaries (about 30%) will now pay the new 2017 Medicare Part B premium of $134 per month. This premium can be debited from your monthly Social Security benefit check or can be paid quarterly by mailing in your premiums with a check or money order.
Medicare has also announced that the annual Medicare Part B deductible will be increasing to $183 VS 2016 Medicare Part B deductible of $166.
Even with this slight increase in the Part B Deductible, I suggest Medicare Supplement Plan G to most of my clients. I still believe that Plan G is the most cost effective plan to get since the insurance carriers will be forced to increase premiums on Plan F to cover the deductible increases.
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