The long awaited numbers are here.  Medicare recently released the premium and deductible information for 2012.  Some good news and some bad news.  Here’s a summary:

Social Security monthly payments will increase by 3.6%.

The monthly Part B premium will be $99.90 for everyone.  Those currently paying $96.40 will get a $3.50 increase.  Those currently paying $115.40 will get a $15.50 decrease.

The annual Part B deductible will be $140, a decrease of $22 from last year.  Those on a Medicare Supplement Plan D, G or N are responsible for this deductible each calender year.

You can read the entire Medicare Fact sheet by clicking the link below:

www.seniormark.com/medicarepubs/2012MedicarePremiumsandDeductibles.pdf

About the Author

Dan Hoelscher

Dan Hoelscher founded Seniormark in 2007 in an effort to help individuals make a successful transition into retirement. Dan is a Certified Financial Planner™ Practitioner and holds Certified Senior Advisor (CSA)© and Certified Kingdom Advisor™ certifications. Since founding Seniormark, Dan has helped thousands of retirees throughout Ohio.