Medicare cost goes up in 2022

[iono1]

My Medicare monthly payment is going up over 14.5% from $148.50 to $170.10.  So, while SS payments are supposed to go up, they'll be taking more money out of SS payments to cover Medicare.  

[Deleted]

Lucky you.

Mine will go from $297.00 to $340.20.  And if the increase in premiums is greater than the COLA increase my net SS will DECREASE.  Your net cannot go down because of the poorly-labeled "hold-harmless clause".

Look up IRMAA.

[jerseygirl]

Yep and we’ll need to pay an additional IRMAA charge of $340/month
I’m hoping to get the extra charge removed since the consulting project I was working on was cancelled thus our agi should be lowerthis year. SS offices closed so I had to mail in form with explanation. Only ‘documentation’ I have is a company press release that project cancelled.
Anticipating will take months of paying the IRMAA before SS hopefully agrees with rationale

[iono1]

Jan 3, 2022 14:48:53 GMT -5 @athena53 said:

Lucky you.

Mine will go from $297.00 to $340.20.  And if the increase in premiums is greater than the COLA increase my net SS will DECREASE.  Your net cannot go down because of the poorly-labeled "hold-harmless clause".

Look up IRMAA.

That's the same percent increase.  It appears all increases are 14.545444%

[jerseygirl]

But inflation is ‘transitory’

[pulmonarymd]

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

[Deleted]

Jan 3, 2022 16:00:25 GMT -5 pulmonarymd said:

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

I will certainly agree with you that treating the unvaccinated COVID patients added to medical costs this year but health insurance premiums go up EVERY year.  I started with "Affordable" Care Act coverage in 2014 when I retired and it was $450/month with a $6K deductible and a somewhat decent network.  In 2017, the last year before I got on Medicare, I was paying $900/month, same deductible, crappier network.  So, premiums doubled and COVID had nothing to do with it.

I will, however, include COVID vaccinations on the list of things we can do to prevent what's preventable- along with exercising and maintaining a healthy body weight, BP and glucose/a1c level.  Think how much THAT would reduce medical costs.   According to a Planet Money podcast, 1% of our GDP (not 1% of healthcare costs, 1% of the whole GDP) is spent on dialysis.  But hey, it's my right to consume all the caramel macchiatto lattes, Little Debbie Cakes, 7-up and French fries I want.

[TheOtherMe]

Because my Social Security is so low, mine will be $163.10 since the net payment can't go down.  I will still get my $91.

[pulmonarymd]

Jan 3, 2022 17:45:41 GMT -5 @athena53 said:

Jan 3, 2022 16:00:25 GMT -5 pulmonarymd said:

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

I will certainly agree with you that treating the unvaccinated COVID patients added to medical costs this year but health insurance premiums go up EVERY year.  I started with "Affordable" Care Act coverage in 2014 when I retired and it was $450/month with a $6K deductible and a somewhat decent network.  In 2017, the last year before I got on Medicare, I was paying $900/month, same deductible, crappier network.  So, premiums doubled and COVID had nothing to do with it.

I will, however, include COVID vaccinations on the list of things we can do to prevent what's preventable- along with exercising and maintaining a healthy body weight, BP and glucose/a1c level.  Think how much THAT would reduce medical costs.   According to a Planet Money podcast, 1% of our GDP (not 1% of healthcare costs, 1% of the whole GDP) is spent on dialysis.  But hey, it's my right to consume all the caramel macchiatto lattes, Little Debbie Cakes, 7-up and French fries I want.

Sorry, medical inflation has been a problem long before the aca. It is the reason HMO’s, prior authorizations, hospital consolidation, and physician practice acquisition all statrted back in the 1990’s. It was multiple times the stated inflation rate. This has been a difficult problem to solve. Don’t blame the aca. If you want to control costs, some sort of National health insurance plan needs to eventually pass. Good luck with that

Medical cost inflation the last 2 years has been accelerated by the pandemic. Personnel costs have gone haywire. Supply costs have gone up just like everything else due to shortages in medications and supplies. Add the increased patient volumes, and costs have skyrocketed. Due to how much work I did, my bonus was twice the highest one previously. I am sure every other person in my specialty had the same experience. You can blame the Medicare increase that you are seeing on the unv. All those other issues have been there before. Healthcare spending on everything else has been stagnant or liwer

[dondub]

Jan 3, 2022 16:00:25 GMT -5 pulmonarymd said:

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

I still think those that cannot prove vaccination should be quarantined in their own domiciles and the insurance they have DOES NOT have to pay anything. You refuse you lose. I bet the lines at the vax centers would get mighty long about 10 minutes later.

[pulmonarymd]

Jan 4, 2022 19:18:06 GMT -5 dondub said:

Jan 3, 2022 16:00:25 GMT -5 pulmonarymd said:

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

I still think those that cannot prove vaccination should be quarantined in their own domiciles and the insurance they have DOES NOT have to pay anything. You refuse you lose. I bet the lines at the vax centers would get mighty long about 10 minutes later.

Tough line to draw. Do the same for smokers. The obese? Alcoholics? Most adult disease is due to one of those factors

[dondub]

Jan 4, 2022 19:25:38 GMT -5 pulmonarymd said:

Jan 4, 2022 19:18:06 GMT -5 dondub said:

I still think those that cannot prove vaccination should be quarantined in their own domiciles and the insurance they have DOES NOT have to pay anything. You refuse you lose. I bet the lines at the vax centers would get mighty long about 10 minutes later.

Tough line to draw. Do the same for smokers. The obese? Alcoholics? Most adult disease is due to one of those factors

Can you decline getting a life saving vaccine for those issues?

[pulmonarymd]

Jan 4, 2022 21:04:58 GMT -5 dondub said:

Jan 4, 2022 19:25:38 GMT -5 pulmonarymd said:

Tough line to draw. Do the same for smokers. The obese? Alcoholics? Most adult disease is due to one of those factors

Can you decline getting a life saving vaccine for those issues?

No, but denying care is an ethical issue. We should restrict their ability to spread things around, such as vaccine mandates for travel, restaurants, and the like. We do not let people who make poor decisions die by refusing them treatment

[TheOtherMe]

I don't think we should be doing lung transplants on the unvaccinated.  People on waiting lists have been there a long time and it is not right if the organ goes to an unvaccinated patient with Covid. 

Criticize me all you want but that is how I feel.

[pulmonarymd]

I agree with this. In this instance they are taking organs from someone else

[NomoreDramaQ1015]

Jan 4, 2022 21:18:20 GMT -5 TheOtherMe said:

I don't think we should be doing lung transplants on the unvaccinated.  People on waiting lists have been there a long time and it is not right if the organ goes to an unvaccinated patient with Covid. 

Criticize me all you want but that is how I feel.

There is already a long list of requirements. Getting an organ is a precious and costly gift.

I have no problems with you being denied if you refuse the vaccine. There are already ones they require before you qualify why should this one be exempt?
And if you won't cooperate with that what else are you going to refuse because you don't trust the science or Republicans told you not to?

I

[The Walk of the Penguin Mich]

Jan 4, 2022 23:08:12 GMT -5 NomoreDramaQ1015 said:

Jan 4, 2022 21:18:20 GMT -5 TheOtherMe said:

I don't think we should be doing lung transplants on the unvaccinated.  People on waiting lists have been there a long time and it is not right if the organ goes to an unvaccinated patient with Covid. 

Criticize me all you want but that is how I feel.

There is already a long list of requirements. Getting an organ is a precious and costly gift.

I have no problems with you being denied if you refuse the vaccine. There are already ones they require before you qualify why should this one be exempt?
And if you won't cooperate with that what else are you going to refuse because you don't trust the science or Republicans told you not to?

I

They have already done this.  

globalnews.ca/news/8253283/covid-vaccine-kidney-transplant-refused/

[TheOtherMe]

There have been some lung transplants in the US.  I don't know if it's still happening after a fuss was raised about it.

Re: the article Mich posted.  God will take care of her concerning Covid but God won't take care of her kidneys?  These people don't do well with logic.

[NastyWoman]

Jan 4, 2022 19:18:06 GMT -5 dondub said:

Jan 3, 2022 16:00:25 GMT -5 pulmonarymd said:

Not medical inflation. Blame the billions spent caring for the unvaccinated Covid patients

I still think those that cannot prove vaccination should be quarantined in their own domiciles and the insurance they have DOES NOT have to pay anything. You refuse you lose. I bet the lines at the vax centers would get mighty long about 10 minutes later.

That's what they do in Singapore. No vaxine mandates, but if you do not bet vaccinated while medically eligible, you and your savings are  SOL.

[stillmovingforward]

Gramma for a $92 raise in her SS and her Medicare premium went DOWN by $2. I have no idea how that happened but considering she was only getting $950 per month, it was a huge raise for her!

[jerseygirl]

Medicare agreed not to charge IRMAA of $340/month from SS. I sent in request to eliminate it due to a ‘life change’. The company I was consulting shut down the drug project I was working on. I just had a press release announcing shut down but nothing from company that my consultant work was terminated.

Next year I’m taking a good chunk of my RMDs and directly sending to charities . Or I might direct some RMDs to a QCD so I can cumulate in there then send to charities. This will lower our agi adjusted gross income that determines IRMA.
Same amount to charities but I’ve been getting the RMDs into my checking account then sending checks to charities. That way only the total taxable income is decreased, not the agi
Wish we had understood earlier