[NFBMO] FYI: Social Security and Medicare increases for 2019

[Gene Fleeman]

Thanks Eugene!

Gene Fleeman, Second Vice President
National Federation of the Blind of MO
http://www.nfbmo.org/
President, MO Assoc. of Blind Merchants
*http://www.nfbmo.org/node/65 <http://www.nfbmo.org/node/65>*
(573)-855-9667
gfleeman55 at gmail.com

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On Fri, Oct 12, 2018 at 5:05 PM Gene Coulter via NFBMO <nfbmo at nfbnet.org>
wrote:

> Social Security benefits and SSI benefits will increase by 2.8%
> beginning with checks received in January of 2019.
> The part B Medicare Premium for most recipients will increase from
> $134.00 to $135.50.
> So, most folks will see the first significant increase in several years.
> To estimate your new amounts do the following:
> For SSI multiply your current amount by 1.028.
> For Social Security recipients  add your current check amount to your
> Medicare premium and multiply it by 1.028 then subtract the new Medicare
> premium and you should be within a dollar or two of the new amount. Due
> to the way SSA rounds things this may result in you getting  up to two
> dollars less or one dollar more than these calculations.
> Example:
> Frankie  gets $1,100 monthly SSDI check her Medicare premium is $134.
> She will get the 2.8% increase and the new Medicare premium will be
> $135.50
> So, $1,100 plus $134 = 1234 times 1.028 = 1268.55 minus $135.50 = $$1133
> new amount.
> Important note: because of small increases in benefits  over the years
> some folks are not paying the full Medicare premium as the law states
> that benefit checks cannot go down due to increases in Medicare
> Premiums. This means that  if you are paying less than the maximum
> SSA/Medicare will  raise your premium more than the dollar fifty until
> you are paying the full $135.50.
> My guess is that could affect those getting a monthly check currently
> under $1,100.
>
> Gene Coulter
>
>
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