The 2018 Medicare premiums and deductibles have been announced by The Centers for Medicare and Medicaid Services (CMS). Below are some of the key changes that will be affecting Medicare beneficiaries.
70 percent of Medicare enrollees currently pay lower monthly Part B premiums due to the “hold harmless” provision, which prevents Medicare premiums rising more than the Social Security cost-of-living adjustment (COLA).
With the COLA increasing 2 percent for 2018, those individuals may see their monthly cost rise as much as $25 (to $134), compared to the 2017 average of $109.
The Part B premiums will have no change from 2017 to 2018 for all individuals who are currently paying the full amount.
