2016 Medicare premiums set to Soar for 1 in 3 Seniors

The federal government’s announcement that there will be no Social Security cost-of-living increase in 2016 could force up to 15 million seniors paying higher Medicare premiums — up to 50 percent — unless Congress intervenes, experts say. Because of a quirk in the law means about 30 percent of Social Security recipients will see their Medicare costs rise from $104.90 to $159.30 monthly for the Part B premiums that cover doctors, outpatient, and medical equipment needs. Read more: 2016 Medicare Premiums to Soar for 15 Million Seniors. READ MORE


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