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Important Medicare changes in 2020

If you are enrolling in Medicare this year, you must understand some significant changes that are happening to Medicare in 2020. As you all know, most of you will pay nothing for Medicare Part A premiums, because you qualify through working at least 40-quarters. You have been u201cpre-payingu201d Part A premiums through payroll taxes. Medicare Part B covers your doctoru2019s visits, your lab test, your durable medical equipment, and things of that nature. Medicare Part B premiums are taken directly out of your Social Security check if you are claiming Social Security. Medicare is complicated, but it doesnu2019t have to be. Visit medicare providers in pennsylvania, we are truly independent and our guidance and advice is unbiased. As you approach this year and your Medicare decision, be sure to take into account these changes. For more information please visit here https://www.capitalbluemedicare.com/

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Important Medicare changes in 2020

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  1. IMPORTANT MEDICARE CHANGES IN 2020 If you are enrolling in Medicare this year, you must understand some significant changes that are happening to Medicare in 2020. As you all know, most of you will pay nothing for Medicare Part A premiums, because you qualify through working at least 40- quarters. You have been “pre-paying” Part A premiums through payroll taxes. Additionally, the deductible for Medicare Part B is increasing. In 2019,the Part B deductible was $185, and now in 2020, it increased to $198. With all the changes to Part B, there is also a change to people who have higher incomes. The rule for 2020 states if your modified adjusted gross income is more than $87,011 filing as an individual, or $174,001 filing taxes as a couple, you will pay more for Medicare. This is slightly higher than the 2019 threshold. Plan F is no longer available for people to join as of January 1, 2020. I talk about how this works in detail on my workshop and why this isn’t necessarily a bad thing, but if you were set on Plan F, you will need to find a different option. Source: themedicarecoach.com www.capitalbluemedicare.com

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