CMS details premiums, deductibles for 2019

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Friday, October 12, 2018

WASHINGTON – The standard monthly premium for Medicare Part B enrollees will be $135.50 for 2019, a slight increase from $134 in 2018, CMS has announced.

About 2 million Medicare beneficiaries, however, will pay less than the full Part B standard monthly premium due to the statutory hold harmless provision, which limits certain increases in the Part B premiums for certain Medicare beneficiaries to no greater than the increase in their Social Security benefits, CMS says.

The annual deductible for Medicare Part B enrollees will be $185 in 2019, an increase from $183 in 2018, CMS has also announced.

Medicare beneficiaries can choose to enroll in fee-for-service Medicare for Parts A and B, or they can select a private Medicare Advantage plan. Last month, CMS announced that, on average, Medicare Advantage premiums will be $28 in 2019, a decrease from $29.81 in 2018.