Offered by: Jennifer Bell – Bell Benefits, LLC
Happy New Year everyone! I hope this new year brings in a BUNCH of wonderful things for each and every one of you. With a New Year comes new changes to Medicare. Of course the basic format remains the same. Medicare is still Medicare with its same structure. The changes come by way of money.
Every year Medicare adjusts its premium (what you pay each month to have Medicare) and its out-of-pocket costs. If you are among the average income earner, your Medicare Part B premium will be $148.50/month in 2021 (up $3.90 from 2020). is may automatically change in your Social Security deduction or it will be reflected on your invoice if you pay via direct bill.
Medicare has also changed its deductibles and copays/coinsurance amounts with slight increases.
Medicare has also made adjustments throughout 2020 in the way we can do things. In the past, we were unable to apply for Medicare Part B online, but now we can. ey also added the option to pay your monthly premium online with a credit card. If you pay via direct bill rather than Social Security deduction, all you need to do is log in to MyMedicare.gov to set that up.
They also extended their hours and I’m not sure if this will stick but they have been open 24/7. This is great because you can call 1-800-MEDICARE at anytime that is convenient for you when you need help with your Medicare account.
This is just a highlight of some of the changes Medicare has made. I am always happy to help answer your specific questions about Medicare. Just give me a call or shoot me a text: 720-626-6524