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Category: Medicare

Medicare Part B Premium Estimates through 2028

Medicare Part B Premium Estimates through 2028

The Medicare Trustees Report for 2019 was just released and the following table shows Medicare Part B premium estimates through 2028. You can see in the table below (page 189 of the report) that the current Medicare Part B monthly premium for 2019 is $135.50 per person and they anticipate this to increase to $226.50 per person by 2028. This is an estimated increase of almost 6% per year. See the table: These premiums are just the lowest tier of…

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The Medicare Part B Penalty Continued…

The Medicare Part B Penalty Continued…

A couple of weeks back, my friend Justin Castelli and I presented to the Pittsburgh Chapter of the Financial Planning Association. While he was in town, we shot a video discussing the recent article I wrote about the Medicare Part B Penalty for Late Enrollment so I thought I’d share the video with you. If you have questions about anything we discuss in the video, feel free to reach out, I’m happy to help! Also, Justin publishes a lot of…

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How to Avoid the Lifelong Medicare Penalty

How to Avoid the Lifelong Medicare Penalty

Most people seem to be aware that there is a penalty for late-enrollment into the Medicare program. Unfortunately though, most people are unaware of how significant the penalty is. It is actually one of the steepest penalties that the federal government imposes on retirees. Perhaps second only to the 50% penalty for failing to withdraw Required Minimum Distributions. Making matters worse, the Medicare penalty is not a one-time penalty. It is a penalty that stays with you for the rest…

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