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By Jim Miller
Savvy Senior 

Is there a Medicare premium increase coming?


Dear Savvy Senior,

I know there won’t be a cost-of-living increase in Social Security benefits next year but what about Medicare? I’ve heard some beneficiaries will get hit with a big Part B monthly premium increase in 2016. What can you tell me, and who will this affect?

Planning Ahead

Dear Planning,

All things considered, the news regarding your Medicare costs next year is pretty good. For about 70 percent of the nation’s 52 million Medicare beneficiaries, there will be no Part B premium increase in 2016. And thanks to the 2015 Bipartisan Budget Act that was signed into law by President Obama on Nov. 2, the other 30 percent will pay much less than previously projected. Here’...

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