The "standard Medicare Part B
" premium schedule will stay the same.
"Next year, we expect to see an increase of a little over 22% for Medicare Part B
," says Ron Mastrogiovanni, president of HealthView Services (HVS), a provider of software that projects health care costs, in Danvers, Massachusetts.
The rules that apply to Medicare Part B
rates are different.
Beneficiaries who fail to enroll in Medicare Part B
at the right time must pay the late enrollment penalty (LEP), assessed at 10% of their monthly premium every month for life.
Not only are there increases in the numbers of APRNs directly billing Medicare Part B
, those nurses are providing services to an increasing number of patients in the program, representing increasing percentages of patients.
The projected lower spending growth for Medicare Part B
is based on Congress' allowing a nearly 31% cut to Medicare physician fees on Jan.
Medicare Part B
: Supplementary Medical Insurance (SMI)
As for delaying Medicare Part B
, proceed with caution here as well.
Further, in 2006, couples on Medicare, regardless of filing status and MAGI, paid a Medicare Part B
premium of $2,124.
The standard monthly Medicare Part B
premium will rise to $96.40 next year, up 3.1% from the current $93.50, Kerry Weems, administrator of the Centers for Medicare and Medicaid Services announced in a teleconference with reporters.
All you need to do is make sure the information in DEERS and on your ID card is up to date, and enroll in Medicare Part B
. Once you are enrolled and have updated your ID card, you are covered under TRICARE for Life.