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Medicare: Part B Premiums

Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Medicare: Part B PremiumsISBN13:9781481041584ISBN10:1481041584Author:Davis, Patricia a. (Author)Description:(This is a RePrint) - Medicare Is A Federal Insurance Program That Pays For Covered Health Care Services Of Most Individuals Aged 65 And Over And Certain Disabled Persons In 2012, The Program Is Expected To Cover 50 Million Persons (41 Million Aged And 9 Million Disabled) At A Total Cost Of $586 Billion Most Individuals (Or Their Spouses) Who Are 65 And Older, And Have Worked In Covered Employment And Paid Medicare Payroll Taxes For 40 Quarters Receive Premium-Free Medicare Part A (Hospital Insurance) Those Entitled To Medicare Part A (Regardless Of Whether They Are Eligible For Premium-Free Part A), Have The Option Of Enrolling In Part B, Which Covers Such Things As Physician And Outpatient Services And Medical Equipment Beneficiaries Have A Seven-Month Initial Enrollment Period, But Those Who Enroll In Part B After Their Initial Enrollment Period Andor Reenroll After A Termination Of Coverage May Be Subject To A Delayed Enrollment Penalty Which Is Equal To A 10% Surcharge For Each 12 Months Of Delay In Enrollment Andor Reenrollment Under Certain Conditions, Select Beneficiaries Are Exempt From The Delayed Enrollment Penalty; These Include Working Individuals (And Their Spouses) With Group Coverage, Some Military Retirees, And Some International Volunteers While Part A Is Financed Primarily By Payroll Taxes Paid By Current Workers, Part B Is Financed Through A Combination Of Beneficiary Premiums And Federal General Revenues The Balanced Budget Act Of 1997 (P L 105-33) Permanently Set Standard Part B Premiums To Cover 25% Of Projected Per Capita Part B Program Costs For The Aged, With Federal General Revenues Accounting For The Remaining Amount In General, If Projected Part B Costs Increase Or Decrease, The Premium Rises Or Falls Proportionately Most Part B Participants Must Pay Monthly Premiums, Which Do Not Vary With A Beneficiary's Age, Health Status Or Place Of Residence However, Since 2007, Higher-Income Enrollees Pay Higher Premiums To Cover A Higher Percentage Of Part B Costs Premiums Of Those Receiving Benefits Through Social Security Are Deducted From Their Monthly Payments Additionally, Certain Low-Income Beneficiaries May Qualify For Medicare Cost-Sharing Andor Premium Assistance From Medicaid Through A Medicare Savings Program The Social Security Act Includes A Provision That Holds Most Social Security Beneficiaries Harmless For Increases In The Medicare Part B Premium; Affected Beneficiaries' Part B Premiums Are Reduced To Ensure That Their Social Security Checks Do Not Decline From One Year To The Next Each Year, The Centers For Medicare & Medicaid Services (Cms) Determines The Medicare Part B Premiums For The Following Year The Standard Monthly Part B Premium For 2012 Is $99 90 Higher-Income Beneficiaries, Currently Defined As Those With Incomes Over $85,000 A Year, Or Couples With Incomes Over $170,000 Per Year, Pay $139 90, $199 80, $259 70, Or $319 80 Per Month, Depending On Their Income Levels Current Issues Related To The Part B Premium That May Come Before Congress Include The Amount Of The Premium And The Rate Of Increase In Recent Years (And The Potential Net Impact On Social Security Benefits), Modifications To The Late Enrollment Penalty, And Possible Increases In Medicare Premiums As A Means To Reduce Federal Spending And Deficits Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2012-11-18Weight:0.26 lbsDimensions:0.08'' H x 11.02'' L x 8.5'' WNumber of Pages:40Language:English

Price: 17.25 USD

Location: USA

End Time: 2025-01-22T03:09:10.000Z

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Medicare: Part B Premiums

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Return shipping will be paid by: Buyer

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Item must be returned within: 30 Days

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Book Title: Medicare: Part B Premiums

Number of Pages: 38 Pages

Language: English

Publisher: CreateSpace

Publication Year: 2012

Item Height: 0.1 in

Topic: Public Finance

Genre: Business & Economics

Item Weight: 5.3 Oz

Item Length: 11 in

Author: Patricia Davis

Item Width: 8.5 in

Format: Trade Paperback

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