boo asked in Business & FinanceInsurance · 2 months ago

  i am paying $118 per month for medicare part b i just received a notice saying in 2020 i will be paying $471 per month can i do anything?

11 Answers

Relevance
  • 2 months ago

    You have to ask the reason for the increase before we can answer. Did you work in the U.S. over 10 years? Does the $471 include Part A if you are being charged for it? Are you buying into Medicare?

    • Login to reply the answers
  • Sally
    Lv 4
    2 months ago

    yes you can.   You can have your  payments reduced to zero.  Today is the last day to get that done for 2020.

    Source(s): www.Aetna.com and www.Humana.com
    • Login to reply the answers
  • 2 months ago

    Either you saw a significant increase in employment income that would raise your part B premium that much, or you may have made an error in choosing a Medicare Advantage or Medigap plan for 2020 during this current open season. You need to get in touch with someone at Medicare tomorrow to find out what happened. Time is running out on open season.

    • Login to reply the answers
  • Eva
    Lv 7
    2 months ago

    If it went up that much, it means your income for last year went way up as well. If the spike in income was caused by something that was a one time event, you may be able to get your premium adjusted. Call Medicare and talk to a specialist.

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Judy
    Lv 7
    2 months ago

    Your choices are pay it or drop it, sorry.

    • Login to reply the answers
  • GA41
    Lv 7
    2 months ago

    I suspect that you signed up for a medigap supplemental insurance. This adds a significant additional premium to your monthly payment. If you go back to Medicare Advantage or the original medicare it should reduce your premium substantially. However, you only have until Dec 7 to change your medicare insurance election, so you better move fast.

    I suggest you don't OPT out of part B, as that is a significant part of your medicare coverage.  I would suggest a medicare advantage plan (Part C), they give added benefits above the original medicare, and usually you don't have to pay any additional premium to have it.  In my state Aetna and Blue cross offer advantage plans. You pay medicare the 118 and medicare pays Aetna.

    If you are still working and covered by your employers insurance, you should still be signed up to part A but you don't need part B, because your company insurance covers part B

    • Login to reply the answers
  • 2 months ago

    i would contact them about it,if youre on medicaid they might pay for it

    • Login to reply the answers
  • .
    Lv 7
    2 months ago

    You can opt out of Part B or unsignup for  whatever you did to increase it

    • Login to reply the answers
  • martin
    Lv 7
    2 months ago

    That must be wrong. Maybe you have checked a box or done something inadvertently that caused the computers to switch you to some other plan.

    • Login to reply the answers
  • Pearl
    Lv 7
    2 months ago

    sometimes if youre on medicaid they pay it

    • Login to reply the answers
Still have questions? Get your answers by asking now.