A fluke in the laws that are governing the Medicare and the Social Security will leave Americans open and vulnerable to a fifty % percent premium increase in the Medicare part that covers doctors’ bills, also known as Medicare Part B. If Congress doesn’t pass legislation protecting low and middle income people who will be unable to pay that much for the increase.
Premium payments have to cover 25 percent of projected costs for Part B. The difference as this rise and fall of premiums happens will be deducted from Social Security payments each month. However, the amount can not be so much that your Social Security payment is less than it was the year prior. The end goal of course is to make sure beneficiaries with modest incomes won’t have less income to live.