Medicare premiums going up $5 a month for 2013

WASHINGTON (AP) -- The government says Medicare premiums are going up $5 a month for 2013. That's less than expected, but it'll still eat up nearly one-fourth of the typical cost-of-living raise for retirees.

Medicare chief Marilyn Tavenner says the monthly premium for 2013 will be $104.90 a month.

Also known as the Part B premium, it covers outpatient care such as office visits and medical supplies. Taxpayers pay 75 percent of the cost for Part B benefits, and the monthly premium covers the remaining 25 percent.

High-income beneficiaries face bigger increases, from $42 to $230.80 a month. Most low-income beneficiaries have their premiums paid by Medicaid.

Initially, premiums for 2013 were forecast to go up as much as $9 a month, but health care inflation has remained modest.


Join the Conversation!

While WVLT allows comments on articles, we ask that you respect the online community. Comments may be removed at any time for violations including:

  • Obscenity, profanity, vulgarity, racism, violent descriptions, name-calling or personal attacks.
  • Abuse of multiple accounts.
  • Off-topic comments.

Comments may be checked for inappropriate content or rule violation, but the station is under no legal obligation to monitor or remove comments. If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator. 
Flagging does not guarantee removal.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 179681791 - local8now.com/a?a=179681791
Gray Television, Inc.