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November 17, 2017 at 12:39 PM
The Centers for Medicare and Medicaid Services will be increasing Medicare Part A premiums $9 per month in 2018, holding the ‘standard’ Medicare Part B premium steady, and letting the premium many enrollees actually pay rise sharply.
(Related: Some Agents Fear Medicare Help Desks)
CMS is getting ready to publish the official Medicare premium notices in the Federal Register Nov. 21.
The Medicare Part A plan covers inpatient hospital bills. A preview copy of the Part A notice is available here.
The Medicare Part B plan covers physician services and outpatient hospital bills. A preview copy of the Part B notice is available here.
The 2018 rate notices are the first annual Medicare rate notices developed since Donald Trump became president. Details
Medicare provides health coverage for U.S. residents ages 65 and older, people who qualify for Social Security Disability Insurance (SSDI) benefits, and people who getting kidney dialysis.
Most Americans who have spent many years in the workforce, or have been married to spouses in the workforce, get Medicare Part A coverage without paying any amounts of out-of-pocket.
(Image: iStock)
For people who have not worked enough in the United States to qualify for free Medicare Part A coverage, the fully monthly premium will rise to $422 per month Jan. 1, from $413 per month this year.
The monthly premium for people on SSDI who return to the workforce, and stay on the job long enough to use up transitional Medicare benefits, will rise to $232 per month, from $227 per month this year.
