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Old 12-24-2016, 05:46 PM
 
Location: Forest bathing
1,631 posts, read 962,166 times
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We just received our SSA statements for 2017. How wonderful that we now receive less than 2016 due to Medicare increase.
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Old 12-24-2016, 06:57 PM
 
Location: Southern New Hampshire
7,219 posts, read 12,655,064 times
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I can understand your disappointment, but a lot of working people find in January that their pay increase from the previous year is now eaten up by the extra cost of their health insurance, etc. So this isn't uncommon, unfortunately.
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Old 12-24-2016, 07:08 PM
 
Location: too far from the sea
19,830 posts, read 18,839,234 times
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Yeh, it seems to be the coming thing and apparently it's going to get worse. Wait until they start giving us Medicare vouchers! What are you supposed to do when your yearly voucher runs out?

Funny, dh's work pension from the UK went up slightly and so will his SS from the UK. Makes us wonder if it would be worth re-locating to the UK if this is going to keep up.
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Old 12-24-2016, 08:06 PM
 
71,490 posts, read 71,674,131 times
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yep , we all would get raises from time to time when working and insurance costs would exceed even what we got .

consider yourself lucky with ss if you are collecting . the insurance can't go up more than the raise
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Old 12-24-2016, 08:15 PM
 
Location: Los Angeles area
14,018 posts, read 17,729,443 times
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Quote:
Originally Posted by clikrf8 View Post
We just received our SSA statements for 2017. How wonderful that we now receive less than 2016 due to Medicare increase.
I thought that was impossible because of the "hold harmless" provision whereby people who were already enrolled in Medicare and having the Part B premium deducted from their SS cannot receive less. In other words, the Medicare increase is supposed to be limited to amount of the COLA increase for such people.

Are you sure you are reading your statement correctly? My own SS statement indicates I will be receiving exactly the same.

Mathjak in the previous post put it succinctly: "The insurance can't go up more than the raise."
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Old 12-24-2016, 08:29 PM
509
 
2,971 posts, read 4,078,520 times
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Quote:
Originally Posted by Escort Rider View Post
I thought that was impossible because of the "hold harmless" provision whereby people who were already enrolled in Medicare and having the Part B premium deducted from their SS cannot receive less. In other words, the Medicare increase is supposed to be limited to amount of the COLA increase for such people.

Are you sure you are reading your statement correctly? My own SS statement indicates I will be receiving exactly the same.

Mathjak in the previous post put it succinctly: "The insurance can't go up more than the raise."
My social security is $37 dollars a month. While my Medicare Part B premium did go up they held my monthly social security check at $37.

My wife's social security at $500/month did get dinged. Her benefit went down $3.

But Obama made no bones about taxing the rich!!
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Old 12-24-2016, 08:46 PM
 
Location: Jollyville, TX
3,850 posts, read 9,438,969 times
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Quote:
Originally Posted by Escort Rider View Post
I thought that was impossible because of the "hold harmless" provision whereby people who were already enrolled in Medicare and having the Part B premium deducted from their SS cannot receive less. In other words, the Medicare increase is supposed to be limited to amount of the COLA increase for such people.

Are you sure you are reading your statement correctly? My own SS statement indicates I will be receiving exactly the same.

Mathjak in the previous post put it succinctly: "The insurance can't go up more than the raise."
Husband's SS went up $4 and Medicare premium went up $14, so we are net minus $10.
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Old 12-24-2016, 08:58 PM
 
Location: SoCal
13,202 posts, read 6,308,074 times
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Quote:
Originally Posted by in_newengland View Post
Yeh, it seems to be the coming thing and apparently it's going to get worse. Wait until they start giving us Medicare vouchers! What are you supposed to do when your yearly voucher runs out?

Funny, dh's work pension from the UK went up slightly and so will his SS from the UK. Makes us wonder if it would be worth re-locating to the UK if this is going to keep up.
You forgot the exchange rate, my husband UK SS went down because of the exchange rate. Maybe down 25%.
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Old 12-25-2016, 03:55 AM
 
71,490 posts, read 71,674,131 times
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Quote:
Originally Posted by Moonlady View Post
Husband's SS went up $4 and Medicare premium went up $14, so we are net minus $10.
that can't be cause of the medicare increase alone unless someone is not collecting yet .
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Old 12-25-2016, 06:06 AM
 
119 posts, read 104,674 times
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Not everyone is "held harmless". For example, those paying higher Part B premiums due to their income level.
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