While the House rapidly passed a bill last month to freeze the Medicare Part B premium at $96.40 monthly, the Senate has not followed suit. In October, the Centers for Medicare and Medicaid Services announced that for the 2010 calendar year the following changes will occur:
The Medicare Part B premium will increase for approximately 23% of Medicare beneficiaries because they are new enrollees, they are subject to income related adjustments, or they do not have their Medicare Part B premium withheld from their Social Security check. The premium generally will increase to $110.50 for these folks. The income adjustments which begin at an adjusted gross income of $85,000 for an individual and $170,000 for a married couple can add up to $250 monthly to the premium.
The Part B annual deductible will increase to $155.
The Part A deductible on inpatient admissions per spell of illness will increase to $1110.
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