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2017 Projected Medicare Premiums to have a large Increase

Medicare 2017 Part B premiums accepted to show an increase of 20 percent for some folks based on a Medicare Trustees report for 2016. This could still be prevented this fall by Congress. The cost out of pocket even now are tremendously high.

Normally Medicare Part B premiums would be deducted from the Social Security check as it’s connected to costs of Medicare services as in therapy, doctor visits, medical equipment, lab test and more. 75 Percent of this is covered by Medicare and the balance of 25 percent is then covered by premiums.

People paying around $122 per month could see increases in Medicare Part B go as high as $150 and with this type of increase Congress may reduce some of this.

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