Tuesday, September 24, 2013

Will Medicare Part B Premium be $247 in 2014?

Will Medicare Part B Premium be $247 in 2014?

There are emails being widely circulated stating that the Medicare Part B premium for 2014 will be $247.00.   This is not true.

The Medicare Part B monthly premium rates for 2014 will be released in late October or November, when the annual open enrollment begins. Experts believe that beneficiaries will not see an increase of their Medicare Part B premium in 2014.The reason why it is estimated that the rates will stay at the current level is the slower growth of Medicare costs in the past years. If the premium should increase, it will most likely be a moderate rise, similar to the $5 increase in 2013.

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