SOCIAL SECURITY AND MEDICARE

Social Security Benefits Will increase in 2012 but

Hi Folks,

Your Social Security Benefits will increase by 3.6% in 2012 but you will not see all of it.

The Social Security Administration has announced that monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase 3.6 percent in 2012. However many retirees will not see all of the increase because Medicare Part B premiums will rise by $3.50 a month for most seniors. Monthly Medicare Part B payments will now be $99.90.

Your Medicare Part B payment is deducted from your Social Security check.

Medicare Enrollment Dates for 2012 have changed

Hi Folks,

The period for Medicare enrollment and changing plans has moved up several weeks this year. This year’s enrollment period is October 15 through December 7.

As it is so important to examine all the information and explore all the options available to you, start early so you won’t end up making a hasty decision you may regret.

As you will probably be inundated with information and conflicting advice about your options let me recommend the best place to start learning about Medicare: http://www.medicare.gov/default.aspx. You will be glad you started there.

Is it true that Medicare Payment Will Increase For 2012?

Hi Folks,

Update: Please see my latest post about Medicare and Social Security: http://www.retirement-on-a-budget.com/social-security-benefits-will-increase-in-2012-but/.htm

I’ve received a lot of emails lately telling me (and the dozens of other recipients on their distribution lists) that the per person Medicare premiums will increase from the present $96.40 per month to $104.20 in 2012, $120.20 in 2013 and $247.00 in 2014.