SSA gave beneficiaries a 2% Cost of Living increase (COLA) this year. This should mean that all beneficiaries are paying the same standard amount for their Part B premium. But due to various legislative acts, the standard premiums in 2018 could vary greatly.
In this presentation, covers some of the history of Medicare premiums which result in today’s variation of premiums. It covers the hold harmless provision and how it will be used, even when there is a 2% COLA. The presentation also covers other laws and actions and how they also affect the monthly Medicare premium in 2018. This should provide the tools to explain to a beneficiary why their Part B Medicare premium is different than their friends.