Q: I am working full time as a Coast Guard civilian. I have Mail Handler’s self-only medical insurance, but I am also covered by my wife’s medical insurance, which is what I really use. Her provider sent me a letter informing me that because she is retired and I’m turning 65 on April 28 that I need to sign up for Medicare Parts A and B to continue my coverage through them. I signed up with her insurance company as a single member and my wife changed her plan. Her former employer and her annuity will continue to pay for…
Browsing: Medicare Part B
Q. Why is Medicare Part B premiums increasing for retirees who currently have Part B? I thought only “new” enrollees would be paying the higher rate in 2010. A. Most Medicare beneficiaries will not see a Part B monthly premium increase as a result of a “hold harmless” provision in the current law. This allows for 73 percent of beneficiaries to be protected from an increase raising the 2010 Part B monthly premiums. Approximately 27 percent of beneficiaries are not subject to the hold-harmless provision because they are new enrollees during the year (3 percent), they are subject to the…