Medicare Releases Official 2016 Part B Premiums

After months of speculation, Medicare’s standard Part B premiums for 2016 have been officially announced. About 70 percent of beneficiaries will continue to pay the same amount that has been charged for the past three years: $104.90 a month. Others will pay $121.80 a month, or more for higher-income beneficiaries who already pay higher premiums. As previously reported, the double standard arises from a quirk in the law that occurs only when there is no Social Security cost of living …

News Outlets Take Notice of AARP Pushing 2016 Presidential Candidates to Take a Stand

News outlets and early Presidential primary and caucus states have taken notice of AARP’s Take a Stand campaign announced last week.  “We’re asking candidates who are running for the highest office to take a stand for how they will update Social Security,” said Todd Fahey, state director at AARP New Hampshire, in a Public News Service article. As a national organization that fights for the issues that matter, AARP launched the campaign as a push for 2016 presidential candidates to …

Three Big Wins for Retired People in New Budget Act

People of retirement age and their families scored three significant victories in the budget act passed by Congress. 1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were going to have their benefits automatically cut by 20 percent in 2016. That’s been stopped. No current recipient will lose a cent of Social Security benefits. Social Security Calculator: When Should You Claim Your Benefits? » 2. We halted skyrocketing Medicare premiums. Millions of Medicare recipients …

How the Budget Deal Blunts Medicare Cost Increases, Tweaks Social Security

The bipartisan budget agreement reached by the White House and congressional leaders wards off a spike next year in Medicare premiums and deductibles for millions of older Americans as well as ensures full Social Security disability benefits to millions who had faced steep cuts. President Barack Obama signed the accord Nov. 2 after the House of Representatives adopted it Oct. 28 and the Senate Oct. 30. In a letter to Congress, AARP CEO Jo Ann Jenkins applauded the agreement: “Your …

With No COLA Increase, Congress Should Pass Medicare Fix

AARP sent the following letter to Congress on Oct. 14. AARP has deep concern that for only the third time in over 40 years, there will be no Social Security cost-of-living adjustment for 2016. To make matters worse, as a result, 30 percent of Medicare beneficiaries will see their monthly Medicare Part B premium dramatically increase, and all Medicare beneficiaries will experience an increase in their Part B deductible. Congress should protect the 16.5 million Medicare beneficiaries — which includes new …

No 2016 Social Security Benefits Increase; Medicare Premium Spikes for Some

It’s official: Not only will almost 65 million Social Security recipients not get a cost-of-living increase next year,  millions of Medicare beneficiaries will see their premiums for doctor visits and outpatient care go up by more than 50 percent unless the government intervenes. The Oct. 15 announcement by the Social Security Administration confirmed projections in the Social Security and Medicare trustees reports released in July: For the third time since 2010, there will be no bump in checks because falling energy …