General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongress caps Medicare Part B premium spike for 2021
Normally, wed pretty much know by this time what the premium will be.
Casey Schwarz
Senior counsel for education and federal policy at the Medicare Rights Center
The Medicare trustees forecasted in April that the standard 2021 Part B premium would rise to $153.30 in 2021 from $144.60 this year ($8.70 more monthly, or a 6% increase). However, the trustees report noted that the impacts of Covid-19 were unknown and therefore could not be factored into the estimates.
While many of Medicares 62.7 million beneficiaries are protected from large Part B premium hikes, others are not. And, higher-income beneficiaries already pay extra each month.
https://www.cnbc.com/2020/09/29/congress-may-limit-medicare-part-b-premium-increase-for-2021-.html?__source=sharebar|twitter&par=sharebar
That's right, maybe we would know by now!
rsdsharp
(9,205 posts)CountAllVotes
(20,878 posts)That is the end of the fiscal year for the government.
More tricks has been my worry.
You cannot trust the con.
Thanks for the info.
doc03
(35,382 posts)confused?
dflprincess
(28,082 posts)and the Social Security cola for 2021 is less than 2%.
This is why I keep working. I'm in the odd position that what I pay for my employer provided insurance costs less than Medicare B (and that's before you add a supplement, dental, and Medicare D), and covers way more.
It's so frustrating.
brush
(53,876 posts)Or is there going to be a cost of living raise?