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?
- DustbindivaLv 72 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?
- SallyLv 42 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
- curtisports2Lv 72 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.
- EvaLv 72 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.
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- JudyLv 72 months ago
Your choices are pay it or drop it, sorry.
- GA41Lv 72 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
- Pearl LLv 72 months ago
i would contact them about it,if youre on medicaid they might pay for it
- .Lv 72 months ago
You can opt out of Part B or unsignup for whatever you did to increase it
- martinLv 72 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.
- PearlLv 72 months ago
sometimes if youre on medicaid they pay it