FOR IMMEDIATE RELEASE
Contact: Nathan Heggem
Senior Communications and
October 27, 2011
Statement by Medicare Rights Center President Joe Baker on the
Announcement of 2012 Medicare Premiums and Deductibles
New York, NY–The 2012 Medicare Part B premium, announced today, will be $99.90 per month. Most beneficiaries will see a modest increase in monthly premium costs, far lower than what was initially projected, and some will see a significant decrease. At $99.90 per month, the standard premium leaves the Medicare program and its beneficiaries on strong footing for the coming year. The payment reforms enacted over the past few years, including those in the Affordable Care Act (ACA), in addition to crackdowns on fraud, waste and abuse, are partially responsible for the increased optimism about Medicare’s financial health, the lower-than-predicted Part B premium, and an almost unheard-of drop in the Part B deductible. These developments help show the promise of the ACA’s delivery system reforms, and why we must let them do their job in the coming years.
As always, people with Medicare with limited incomes should be aware of programs that can help them afford their health care costs. Medicare Savings Programs (MSPs) help Medicare beneficiaries pay out-of-pocket costs. People who need help paying Medicare premiums and cost-sharing should contact their local SHIP or state Medicaid agency to see if they qualify.
Learn more about Medicare Savings Programs on MedicareInteractive.org.
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Medicare Rights Center is a national, nonprofit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities through counseling and advocacy, educational programs, and public policy initiatives.
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