Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota seniors face largest jump in Medicare Part B premiums in a decade

Monthly payments for Part B will increase by more than 14%, putting a significant dent in cost-of-living increases in Social Security payments

 

November 16, 2021

This image provided by the Centers for Medicare & Medicaid Services shows what the new Medicare cards will look like. The cards are getting a makeover to fight identity theft. No more Social Security numbers will be placed on the card. Next April, Medicare will begin mailing every beneficiary a new card with a unique new number to identify them. (Centers for Medicare & Medicaid Services via AP)

Minnesota seniors are facing a sharp increase in monthly premiums next year for the Part B portion of their Medicare health insurance benefits.

The federal government announced Friday that monthly costs would increase from $148.50 this year to $170.10 in 2022. That jump of $21.60 per month, or more than 14%, greatly exceeds a typical year's increase, state officials say.

Minnesota has about 1.1million Medicare beneficiaries, and the vast majority of them pay premiums for Part B, which covers a wide variety of outpatient medical needs including physician services.

https://www.startribune.com/minnesota-seniors-next-year-face-largest-jump-in-medicare-part-b-premiums-in-a-decade/600117018/

 

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