You Will Probably Pay More for Medicare in 2018
Submitted by Ferguson Financial Inc. on December 21st, 2017
If you have been shielded from higher Part B premiums, that shield may disappear.
Was your monthly Medicare Part B premium less than $110 in 2017? Next year, you may pay considerably more for the same coverage. In 2018, more than 40% of Medicare recipients will pay monthly Part B premiums of $134.1
What is prompting this 23% increase? The biggest factor is the 2.0% cost-of-living adjustment to Social Security benefits for 2018.1