SOME FED RETIREES WILL HAVE INCREASE IN MEDICARE PART B PAYMENTS - November 15, 2016
Some Federal Retirees Will Have to Pay More Than Others For Medicare Part B Next Year
By Kellie Lunney, Government Executive
Many federal retirees with Medicare Part B coverage will have to pay 10 percent more in premiums beginning next year, according to the latest data from the Centers for Medicare and Medicaid Services.
CMS just announced the new premium and deductible rates for Medicare Part B, which covers physician services and outpatient hospital services, among other things. For 70 percent of beneficiaries, monthly premiums will increase roughly $4 in 2017, from $104.90 to $109. But for the remaining 30 percent – a group that includes hundreds of thousands of retired federal employees who are covered under the Civil Service Retirement System – the monthly premiums will rise about $12 in 2017, from $121.80 to $134.