Friday, December 7, 2012

Medicare Premium Rise Lower Than Expected

Good News For Seniors!  As an Elder Lawyer almost all of my clients over the age of 65 and those clients with disabilities rely on Medicare for their health care needs.  

The Centers for Medicare and Medicaid has announced the new Medicare premiums, deductibles, and coinsurances. The standard Medicare Part B premium is increasing by $5 to $104.90 a month, smaller than the $9 per month increase predicted earlier in the year.

Social Security recipients will receive a 1.7 percent increase in payments in 2013. Most people have their Medicare premiums deducted from their Social Security benefits. The smaller-than-expected hike means that most Medicare recipients will still receive a modest boost in Social Security benefits. 
Here are all the new Medicare figures:
  • Part B premium: $104.90/month (was $99.90)
  • Part B deductible: $147 (was $140)
  • Part A deductible: $1,184 (was $1,156)
  • Co-payment for hospital stay days 61-90: $296/day (was $289)
  • Co-payment for hospital stay days 91 and beyond: $592/day (was $578)
  • Skilled nursing facility co-payment, days 21-100: $148/day (was $144.50)
As directed by the 2003 Medicare law, higher-income beneficiaries will pay higher Part B premiums. Following are those amounts for 2012:
  • Individuals with annual incomes between $85,000 and $107,000 and married couples with annual incomes between $170,000 and $214,000 will pay a monthly premium of $146.90 (was $139.90).
  • Individuals with annual incomes between $107,000 and $160,000 and married couples with annual incomes between $214,000 and $320,000 will pay a monthly premium of $209.80 (was $199.80).
  • Individuals with annual incomes between $160,000 and $214,000 and married couples with annual incomes between $320,000 and $428,000 will pay a monthly premium of $272.70 (was $259.70).
  • Individuals with annual incomes of $214,000 or more and married couples with annual incomes of $428,000 or more will pay a monthly premium of $335.70 (was $319.70).
Rates differ for beneficiaries who are married but file a separate tax return from their spouse:
  • Those with incomes between $85,000 and $129,000 will pay a monthly premium of $272.70 (was $259.70).
  • Those with incomes greater than $129,000 will pay a monthly premium of $335.70 (was $319.70).
The Social Security Administration uses the income reported two years ago to determine a Part B beneficiary's premiums. So the income reported on a beneficiary's 2011 tax return is used to determine whether the beneficiary must pay a higher monthly Part B premium in 2013. Income is calculated by taking a beneficiary's adjusted gross income and adding back in some normally excluded income, such as tax-exempt interest, U.S. savings bond interest used to pay tuition, and certain income from foreign sources. This is called modified adjusted gross income (MAGI). If a beneficiary's MAGI decreased significantly in the past two years, she may request that information from more recent years be used to calculate the premium.

Those who enroll in Medicare Advantage plans may have different cost-sharing arrangements. On average Medicare Advantage premiums are expected to rise $1.47 per month in 2013. 

If you have any questions regarding your rights under Medicare, Medi-Cal (called Medicaid) or Aid and Attendance Benefits give my office a call and I will speak with you free of charge to see if I can help.  

Vincent M. Casiano, Esq.


Unknown said...

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trucker1948 said...

Beware Vinny Casiano is UNRELIABLE AND A CROOK.
1) I was a victim of Elder Abuse. Vinny Casiano would only take the case on if I removed my existing Probate Lawyer. This is blackmail but I did this because I needed help and he let USE Credit Union carry on with their abuse of me. I spent 4 hours with Vinny Casiano on 3/29/2016 where I signed a Substitution of Attorney form which he never filed, therefore, he never represented me on the Probate Issue. Returned marked VOID on 5/2/2016.

2) Vinny Casiano phoned me gloating that he was going to be talking to the CEO of USE Credit Union regarding my abuse. He truly believed that the CEO of USE Credit Union would deal with mundane office matters. Vinny Casiano told me that Carl Sessions was the person who he was going to talk to. Carl Sessions IS NOT THE CEO of USE Credit Union as Jim Harris is the CEO of USE Credit Union. When I told Vinny Casiano that Carl Sessions was a Loan Advisor he got belligerent. To this day USE Credit Union are continuing with their Elder Abuse of me.

3) Vinny Casiano also came to the Property Assessors on or about 4/27/2016 to find out the status of my claim regarding their highly inflated Property Taxes of my late wife's houses. He bowed down to their mistakes and took me home to get a form signed by my son as they said it was needed even though no one said anything about it when it was filed. Days later Vinny Casiano phoned to say that no refund was due but they had reassessed the property back to what it should be. Vinny Casiano promised me a copy of this form which never turned up.

4) On 5/2/2016, I had a meeting with Vinny Casiano in his office. He was waiting for my file complete and he asked me what I was going to do regarding losing my home at Probate. My response was I was going to fight it all the way to the President of the USA if necessary. He then told me he was withdrawing from the case. He contacted my previous lawyer and told him of his actions and that he never took charge of the case as he never filed the form. Days later he sent me a draft document that was never filed where he handed my houses over to the Probate Court for sale.

My score for Vinny Casiano 1 out of 10.