Talk of The Villages Florida - View Single Post - Medicare Premium Increases
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Old 07-04-2023, 10:15 AM
tuccillo tuccillo is offline
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Which Medicare Supplemental Plan (lettered plan) do you have? If you have Plan F then take a look at Plan G. The only difference is Plan F includes the Medicare Part B deductible ($226 per year) and Plan G doesn't. When I say "includes the Part B deductibe" I mean you don't pay it. You may find that the difference between the Plan F annual premiums and the Plan G annual premiums is greater than $226 per year, in which case you should switch to Plan G. The only issue should be whether you can pass the underwriting to change plans. Also, Plan N may be even lower cost than Plan G but you may pay up to $20 co-pays and any excess charges but those are generally pretty rare. As with Plan G, it does not include the Part B $226 deductible. There are also some high-deductible plans. Also, Medicare Advantage Plans typically have $0 premiums (but numerous differences from Supplemental Plans).

Quote:
Originally Posted by tjdmlhw View Post
In 2018 when I first retired and started using Medicare, my Medicare supplement plan with Humana was $141 a month. On the anniversary month in 2019, it increased 5%. Every year since then it has increased 10% and now my premium is $211. A 50% increase over 5 years.

I'm curious as to what others are seeing. Is this normal?