Every year Congress decides how much of tax revenues to allocate for Medicare spending. They also set the deductibles for the coming year as well as premiums for Part A and Part B. This is all done under a full moon at midnight following the swinging of a dead chicken over their head ceremony.
Seriously, there is no predicting what Congress will do since it is based on political whim and has nothing to do with inflation, costs or anything else. Over the last few years deductibles and premiums have risen 4 - 6% which is an effective cost to you of 8 - 12%.
.JPG){kind=avatar}
Seriously, there is no predicting what Congress will do since it is based on political whim and has nothing to do with inflation, costs or anything else. Over the last few years deductibles and premiums have risen 4 - 6% which is an effective cost to you of 8 - 12%.