About This Show
How much would you pay out-of-pocket for a five day hospital stay on Medicare? The majority of people have no idea!
The problem with Medicare is there is too much information. An overwhelming amount of information and not enough resources. Medicare Nation solves that problem by educating you about all the things you want to know about Medicare, but are afraid to ask. This podcast will educate you about the components of Medicare, the different categories of Medicare Plans and Medicare benefits. On other episodes I’ll interview expert guests in the health and wellness field, about diseases, Medicare issues and current changes to the Medicare program.
Medicare Nation is dedicated to answering all your questions about Medicare.
Expert information and insights regarding Medicare and you!
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Most Recent Episode
MN060 Choose The Medicare Plan That Fits Your Unique Needs
5 days ago
10 Days left in the Annual Enrollment Period. That's plenty of time to find the plan that fits your needs for 2017, The one change that everyone is talking about is the increase to the Medicare Part B Premium. Last month, Social Security announced a .03% COLA for Social Security beneficiaries in 2017. With the COLA announcement, the hold harmless rule is in effect. This means if the social security COLA doesn’t cover the increase to the Medicare Part B base premium, those individuals who already have their Medicare Part B premium taken out of their Social Security benefit check will not see that deduction in their benefit check. The hold harmless individuals, who make up about 70% of all Medicare beneficiaries, won’t even come close to covering the $134.00 base Part B premium in 2017. The hold harmless protection will squeak out a Medicare Part B premium increase of about $109.00. The hold harmless rule does not protect individuals who: Are enrolling in Medicare Part B for the first time. Haven’t started receiving their Social Security Benefits and are enrolled in Medicare Part B. Are directly billed for their Medicare Part B premium Make an annual income of $85,000.00 or more Are enrolled in the Medicare Savings Program (States pay the new Medicare Premium increase). Are enrolled in Medicare and Medicaid, the State pays for the individual’s Medicare premiums. Individuals who are not protected by the hold harmless rule, and have an annual income of less than $85,000.00, will be paying a base Part B premium of a whopping $134.00 a month in 2017. Individuals with an annual income of more than $85,000.00, but less than $107,000.00, will pay a Part B premium of $107.50 a month. Individuals who earn an annual income between $107,000.00 and $160,000.00, will pay a monthly Part B premium of $243.60. Those who earn an annual income between $160,000.00 up to $214,000.00, will pay $316.70 a month premium for Medicare Part B. Finally, those individuals who earn an annual income of more than $214,000.00, will pay $389.80 a month. The Medicare Annual Enrollment Period is in full swing and allows Medicare Advantage enrollees the opportu
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Date published: 2016-01-12