General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNo Social Security increase in 2016 at substantial cost to most older adults
http://justcareusa.org/no-social-security-increase-in-2016-at-substantial-cost-to-most-older-adults/However, people who are just joining Medicare, have an income-adjusted Medicare premium, or have Medicare and Medicaid, can face premium increases. And, because the law requires Medicare Part B premiums to cover 25 percent of program costs, the 30 percent of people with Medicare for whom premiums can rise will have monthly premiums of at least $159.30, up from premiums as low as $104.90. Couples with incomes of more than $428,000 will have monthly premiums of $509.80.
Less disposable income for non-health-related expenses for most people receiving Social Security benefits: Because health care costs are rising faster than non-medical costs, people with Medicare who rely on Social Security for some or all of their income, receive lower net Social Security benefits after health care expenses each year. (People with Medicare spend an average of $5,000 on health care costs Medicare does not pay for.) Also, Medicare premiums have been rising more than twice as fast as the Social Security benefit, even with the cost-of-living adjustment. As a result, each year, people with Medicare have less disposable income for non-health-related expenses.
Every year but two for the last 40 years, people have seen a cost-of-living increase in their Social Security checks, an inflation adjustment. But, they will see no increase at all in their Social Security benefit in 2016. To make matters worse, a new report from the Center for Retirement Research, reveals that, unless there is a work-around, some people with Medicare will see almost a 50 percent increase in their Medicare Part B monthly premium. And, most people with Medicare will have less disposable income for non-health care related expenses.
Significant Medicare premium increase for about 15 million people: About three in ten people with Medicare will have to absorb the full 25 percent of Medicare Part B program costs in their premiums that the other 70 percent of people with Medicare will be exempt from paying. Under the law, Medicare premiums cannot increase for most older adults and people with disabilities if their Social Security benefits do not also increase.
RKP5637
(67,111 posts)enough jobs are hard to find for old people. Yeah, sure looking forward to being old in America.
randys1
(16,286 posts)grow up and join us to do the right thing?
1939
(1,683 posts)Despite the fact that food costs are soaring, the drop in the price of oil means no COLA this year.
Hydra
(14,459 posts)The selective view of inflation is pretty warped.
GummyBearz
(2,931 posts)Might want to rethink what you just wrote.
Hydra
(14,459 posts)It's been that way for years. It should have been corrected by now, but that would require change, would it not?
mnhtnbb
(31,395 posts)on my weekly grocery expedition (on Thursdays to take advantage of senior 5% discount)
I came home with 6 items: low sodium soy sauce, mayonnaise, shaker of parmesan cheese (store brand), fresh
shredded parmesan cheese (store brand), a package of low fat Sargento cheese, and an extra half gallon of milk
so I wouldn't have to return to the store before Thursday.
The cost? $24.43 I couldn't believe it.
Yes. Both my husband and I are collecting social security. He's still working part-time (at 72) and I've been
trying to get him to fully retire. I'm supposed to go on Medicare at my next birthday. Huh.
Autumn
(45,112 posts)I was shocked over that
My store was running a special last Thursday on 18 large eggs--$2.50--which was practically the same price as a dozen.
I bought 18 even though I didn't really need them. We've had eggs for breakfast twice since then!
Autumn
(45,112 posts)mnhtnbb
(31,395 posts)Downwinder
(12,869 posts)Thought that when there was no COLA Medicare was frozen.
Divernan
(15,480 posts)Let us be very clear that this loophole is part of the law passed by our congressional representatives - the same fine people who put all those tax loopholes in place for the One Percent/Big Corporate interests. Let's them go fucking tax free or pay tax at far lower rates than you or I, and balance the budget on the backs of workers and seniors. Oh, yes, and it leaves the One Percent/Big Corporate interests with just millions and millions to buy off political candidates. Guess who!?!?
http://finance.yahoo.com/news/millions-facing-hefty-increase-medicare-101500900.html;_ylt=A0LEVjSjleVVKoAAJzwnnIlQ;_ylu=X3oDMTEzZDJybGtyBGNvbG8DYmYxBHBvcwMxBHZ0aWQDRkZSQUMxXzEEc2VjA3Nj
The likely rate hike has received relatively little public attention until now. According to the Center for Retirement Research study, it illustrates the broader complicated interaction between Medicare premiums, which are typically automatically deducted from Social Security benefits, and the rest of Social Security funds that are used for retirement and other non-health care related expenditures.
For just the third time since automatic cost of living adjustments started in 1975, Social Security will not increase the cost of living benefit next year, simply because the Consumer Price Index used by the government has remained relatively flat.
Since Social Security COLAs do not fully reflect the increase in health care costs faced by the elderly, the study notes, any missed annual cost of living adjustment can trigger a crisis in the Medicare Part B program.
Because the law for various reasons holds harmless about 70 percent of Medicare beneficiaries from premium hikes to compensate for diminished resources caused by a missed cost of living adjustment, the remaining 30 percent of Medicare Part B beneficiaries get clobbered by premium increases.
Because the COLA for Social Security benefits is expected to be zero for 2016, premiums would not increase for the 70 percent protected by the hold harmless provision, according to the study. Under current law, Part B premiums for other beneficiaries must be raised enough to offset premiums foregone due to the hold-harmless provision. Unless the administration figures out some work-around, the study states, the base Part B premium would rise from $104.90 to $159.30 a 52 percent increase.
Downwinder
(12,869 posts)I think I am in the "hold harmless" group. He didn't expand Medicaid. That has to be fixed so ACA is not blamed.
mountain grammy
(26,626 posts)Downwinder
(12,869 posts)They still won't let me order Pentobarbital.
Divernan
(15,480 posts)awoke_in_2003
(34,582 posts)They like the extra money, but where they really get off is knowing that some are utterly miserable. Wealth is a sickness
graywarrior
(59,440 posts)you are forced to get a job, if you can find one. But IF you get a job, there goes any extra help you get for paying for prescriptions and you will lose any state benefits that help pay your monthly medicare premiums (I live in MA).
I'm paying $20 per primary care visit and $40 per specialist visit. The minute I turned 65, I was diagnosed with interstitial cystitis--a chronic condition with no cure. I can't afford the medication even with extra help because it's a tier 4 through my insurance company which is supposed to be the top one in my state.
Talk about stress in your older years. Don't get old, people!
SheilaT
(23,156 posts)all of my $104.50 per month goes to Humana, and I've had no copays so far other than for my yearly eye exam. What medications I take, I get by mail, a three month supply at a time, and no copay. My plan also gives me $50/month to buy over the counter things like ordinary aspirin/Tylenol, allergy medication, bandaids, and other various things. I've even gotten a new digital bathroom scale and a blood pressure cuff through them.
I have zero regular office visit copay, $30 for a specialist, and $65 ER visit, were I ever to need that.
I know that what's available depends on where you live, but I keep on being astounded that what I have is apparently so much better than what most others have.
Divernan
(15,480 posts)SheilaT
(23,156 posts)When I went on Medicare a year and a half ago when I left a job that had very good benefits, I chose Humana because an older friend uses one of their Advantage Plans also. In my friend's case, she's in a plan that lets her choose her doctor. She sees a couple of specialists for some things. Two and a half years ago she had a pulmonary embolism, was in an induced coma for several days, in hospital altogether for ten days. Once she got back home Humana even sent a home health nurse to check in with her. She paid only a few hundred dollars for all this.
The best thing is that she recovered completely.
Anyway, I happen to be very healthy, have very low health care needs myself. If I ever want to relocate to another part of the country, I think the first thing I will do is check out what Advantage or Supplemental plans are available there.
graywarrior
(59,440 posts)I have Tufts but I want to change it in October.
SheilaT
(23,156 posts)So I have both a Medicare card and one from Humana, and so far (because I haven't had to be hospitalized), everything has gone through Humana. I have been very happy with them so far.
It's a matter of going on line and googling for Medicare Advantage Plans. Then you put in your zip code, and what's available pops up.
graywarrior
(59,440 posts)Humana had a lower approval rating so I ignored them, but I will research more about thim.
Thanks!
turbinetree
(24,703 posts)my entire working life and I am getting ready shortly to get medicare (65), and it will not cover my heart issues entirely, which are pretty bad, and, from which I was told would lower my health costs going on Medicare, and when I get to the age to collect social security ----------it will in some aspects, but in today's reality of greed----------nope, and a republican Congress and DINO'S they just don't care all they want is power.
I have seen the republicans with help from DINO's instead of it being a 90/10 medicare program under Reagan having it move to a 80/20 to a 70/30 program just like in some business around this country.
And now the retiring of many millions off of us and those still the the proverbial pipeline of employment----------we, are again, being MEANS TESTED-------------I want to know why
Why are those making over $118,500.01 not paying into the systems.
I know why, it was and always has been about greed, and when a program was specifically set up for the elderly to help and them / us have a program, and have it being cut / gut out of the collective to try and privatize it all to a over all market, and prevent it to help drive down those costs, and then getting tweaked to change it into a for-profit entity, without those adjustments like COLA --------------------that is wrong.
We use to get COLA increases in pay to offset inflation from 1975 forward, even with the ups or downs in market costs, but they were there to offset the prices for the poor and the retiree (because of social security a fixed income), not now-----it's fend for yourself, they (corporation /oligarchy) got what they wanted----------------that was the bottom line your service is now a hindrance
dsc
(52,164 posts)thanks to Bill Clinton
hobbit709
(41,694 posts)AlbertCat
(17,505 posts)The Pentagon will hardly miss it.
L0oniX
(31,493 posts)going to pay for it ...did ya?
Oh hey ...didn't some Dems vote for that war too?
bvar22
(39,909 posts)Who finally got the Iraqi Oil?
Anyone know?
.
.
I didn't get any.
L0oniX
(31,493 posts)bvar22
(39,909 posts)PM me if you come up with a plan.
I'll split the pallet with you.
They wouldn't even notice the loss of one pallet.
HappyPlace
(568 posts)????
Whomever that candidate is, they have a chance to OWN the primary AND the general election.
We all know that senior citizens come out in numbers and most of us are hurting.
So, who wants to win the election?
Who is best tempered to reach out and connect with this demographic and be credible about it?
---Discuss.
eridani
(51,907 posts)rdking647
(5,113 posts)for the last 12 months
all items +.2%
food eaten at home .9%
all items less food and energy +1.8%
energy -14.8%
nat gas -14.2%
medical care .1%
Divernan
(15,480 posts)When I worked, I would drive some 40,000 miles per year (worked in 2 cities & attended hearings all over the state). Now I barely put 10 miles a week on my car. And there are many, many seniors who don't drive at all.
ooky
(8,924 posts)Burwell can intervene, and he's her boss. The idea of putting this on the backs of new recipients without regard to their income is absurd. It really shows that Burwell is paying zero attention IMO. Very out of touch.
underthematrix
(5,811 posts)I'm one of those precious seniors. I will start receiving medicare in October 2015. My premium will be 104+ change. Not 159. I have been invited to apply for supplemental assistance, where the gov't provides help with premiums. So yes, the SSA provides help for those who would experience hardship as a result of the increase.
Buns_of_Fire
(17,183 posts)From what I've been able to figure out, I'll be automatically enrolled, since I'm already collecting SS. But I CAN'T figure out whether I'll wind up being charged the current 104.90 OR the 159 or however much my share of the cost of another vacation house for Jamie Dimon is. I guess I'll find out in January with the first deposit of the year. Sort of a belated Christmas gift from our masters.
I must say, though, it makes it a little tricky to budget for the month. I can't decide whether to scrimp on maintenance on the Gulfstream or cut the daily deliveries of pate de foie gras to every other day.
KamaAina
(78,249 posts)the media hardly ever mentions us.
Many PWDs are eligible for both Medicaid and Medicare ("medi-medi" or "dual eligible" . And many others get Social Security if they became disabled after working for a number of years.
untrue
(16 posts)Gas prices came down so much, it caused a decrease in the CPI basket.
I understand gas is cheaper, but when rent, food, medicine and medical costs are increasing, i don't understand the math they use which shows we are suffering through deflation instead of inflation.
Elwood P Dowd
(11,443 posts)My basic monthly expenses have increased by almost 30% the past 6 years, yet my Social Security check
hasn't increased even half that percentage. We are getting raped by our Wall Street owned government.
eridani
(51,907 posts)It specifically accounts for the higher medical expenses that seniors have, and the lower transportation expenses.
WinkyDink
(51,311 posts)*sarcasm*
colsohlibgal
(5,275 posts)God forbid they should raise the tax rate a bit on billionaires.
GummyBearz
(2,931 posts)And I have been assured by many here that Obama would never lie about inflation numbers.
So this is definitely junk from the RW put out to hurt Obama's reputation with old people. The fact that you are peddling it here is therefore absurd.
politicaljunkie41910
(3,335 posts)Why shouldn't someone with income over $428,000 not have to pay a little more if they have the means to do so? That's $6072 a year; less than 1.4% of their income. I know people who pay $600 and more for their monthly healthcare premiums and they don't make anywhere near $428,000. Have we gotten to the point where we don't want to ask Seniors to give up anything? Seniors as a class, are some of the wealthier citizens of this nation. I know the majority don't make anywhere near $428,000 but I don't have a problem with asking those who make that much to pay a little more.
This nation is going broke, and we have an aging population that is living longer, and longer and they use Medicare. Are we going to put all this expense on our children and not ask the grandparents who can well afford to pay more, to pay more without whining about it?
doc03
(35,353 posts)with a MAGI of $85000 and a couple with $170,000 MAGI. People with incomes below that will pay $104.90 for the
third year in a row. I believe that is the longest period ever without a Medicare premium increase. But I do think the no
COLA is bullshit, food prices have definitely increased. Whenever the there is no COLA increase the Medicare premium doesn't increase for singles with incomes under $85000 or couples with incomes under $170,000.
politicaljunkie41910
(3,335 posts)doc03
(35,353 posts)recipients. But it leaves out the part that those people have a very comfortable income. I unknowingly put myself in that group the first year I got Medicare. I transferred $50000 out of a traditional IRA into a Roth IRA two years before I was 65. So the first year I got Medicare I had to pay $146 instead of $104.90. They based my income on what I claimed on my taxes 2 years before and since I had my regular pension, SS and the $50000 income from my IRA I made over $85,000 and that made me a high income person.
Zorra
(27,670 posts)totodeinhere
(13,058 posts)$243 a month to $324. (Since she has a lot of health issues she has the Part F option.) I am trying to get her to change to Humana which is a little cheaper but she is afraid to switch. She's afraid something will go wrong. Her current plan is expensive but they always pay her benefits and she likes that. But an $80 a month increase? Come on. Those greedy bastards.
fredamae
(4,458 posts)SS.
Better start lighting up the damned phones...pretty sure this GOP controlled congress has the old people by the short hairs again.
eridani
(51,907 posts)fredamae
(4,458 posts)what they don't say ought to scare the beeeegeeeebus out of us.