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Good News for Seniors

According to news from the Centers for Medicare & Medicaid Services today, beneficiaries over 65 who have been paying $96.40 a month in Medicare Part B premiums, will see their premiums rise next year to $99.90. This is significantly less than the increase predicted by CMS for 2012.  New Medicare enrollees who have been paying $115.40 a month will actually see their premiums go down. The Part B deductible decreases as well, by $22, and premiums for Medicare's Part D prescription benefit will remain unchanged for 2012. 


Today’s Medicare announcement follows news last week that seniors will receive a 3.6% Cost of Living Adjustment (COLA) in their 2012 Social Security checks.  That means the average retiree will receive a nearly $40 per month increase in their Social Security checks even including the Part B premium increase.

Source: The National Committee to Preserve Social Security and Medicare

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