The increase will eat about a quarter of a typical retiree's cost-of-living raise in Social Security payments.
The Associated Press/New York Times: Medicare Premiums To Rise By $5 A Month
Medicare premiums will rise by $5 a month next year, the government said Friday. That is less than expected, but enough to consume about a fourth of a typical retiree's cost-of-living raise in Social Security payments next year (11/16).
Modern Healthcare: HHS Announces Changes To Medicare Premiums, Deductibles
Medicare Part B premiums will rise in 2013 while Part A premiums will fall, HHS announced Friday. Published in the Federal Register, the notice said the standard premium for Medicare Part B -- which covers physician, outpatient hospital and certain home health services, as well as durable medical equipment -- will be $104.90, a 5 percent increase over the 2012 premium of $99.90. The deductible for Part B services next year will be $147, up from $140. Meanwhile, premiums for Part A will drop by $10 to $441 for 2013. Medicare Part A covers inpatient hospitals, skilled-nursing facilities and some home health care (Zigmond, 11/16).