Posted by Gary Abely, CFP®, AIF®, CPA
Medicare Part B premiums may rise 52% for some seniors if Congressional action does not stop the scheduled increase. Medicare Part B covers care such as outpatient surgery, lab tests and doctor visits. Regrettably, the Affordable Care Act has not been successful in stopping the rise in healthcare costs. Medicare Part B premium is scheduled to rise from $104.90/Mo. to $159.30/Mo. for new Medicare beneficiaries, and those who receive Medicare, but not Social Security. High income earners could also be faced with increases, whether they receive Social Security or not (Single tax filers earning above $85,000 or $170,000 for Married tax filers).