Medicare Part B for 2018: No change in Annual Deductible- remains $183. No change in Standard Monthly Premium- remains $134. There IS a change in the "surcharge" for those seniors with higher incomes. For 2018, the income thresholds have been reduced, resulting in higher premium surcharges at different income levels. Click HERE for complete details. Questions? Just call Allen Heffler, MyMedicareAdvisor in Philadelphia, PA at 215-658-1776
Allen Heffler, President of MyMedicareAdvisor, discusses Medicare Part B. This is the Medical Insurance portion of Original Medicare. It is optional. Original Medicare allows you to use ANY doctor, specialist, or hospital that accepts Medicare. There is no network of doctors that you have to adhere to and you never need a referral. You are paying a separate amount for each service.
Medicare Part B covers a portion of: Doctors’ services Outpatient hospital care Laboratory tests Outpatient physical therapy Outpatient speech therapy Certain home health care Certain ambulance services Certain medical equipment and supplies (above list of benefits is not all inclusive) PREMIUM for Part B For Most Medicare Beneficiaries enrolling in Medicare in 2017: Standard Monthly Premium is $134.00 (new to Medicare Part B). Those with a higher income pay a higher Medicare Part B premium. Your Annual Income & Your Monthly Premium* Single: up to $85,000 Couple: up to $170,000 $134.00 Single: $85,001 to $107,000 Couple: $170,001 to $214,000 $187.50 Single: $107,001 to $160,000 Couple: $214,001 to $320,000 $267.90 Single: $160,001 to $214,000 Couple: $320,001 to $428,000 $348.30 Single: $214,001 and over Couple: $428,001 and over $428.60 DEDUCTIBLE- In 2017, the annual Part B deductible is $183 COINSURANCE- You pay 20% of the Medicare approved amount for doctors’ visits after you meet the $183 (year 2017) deductible. There is no limit in your spending. Beneficiaries will have no cost-sharing for most preventive services. Need Help? Just call us at (215) 658-1776. In follow up articles, Allen Heffler, President of MyMedicareAdvisor, will discuss Medicare Part C, Medicare Part D and Medicare Supplement Plans. |
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