Watch out – Your Medicare Premiums May Soar!

Originally posted on October 29, 2015

If you are a Medicare beneficiary who has your Part B premiums directly withheld from Social Security (SS), you are safe. Because if you are in this boat, you aren’t required to pay any premium increases at all next year since you legally have a safe haven. You are “held harmless” against increases since you can only experience increases in your Medicare Part B premiums up to the social security Cost of Living Adjustment (COLA), and there was no COLA adjustment this year!

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