Medicare just announced the 2011 rates for monthly premiums for Part B coverage of doctor’s visits and outpatient treatment and Part D coverage of prescription drugs. The big news for next year: For the first time, higher-income beneficiaries (about 5% of all Medicare recipients) will pay a Part D surcharge. They’ll pay the regular Part D premium to their private insurance plan and will pay the income-related adjustment to Medicare.
Also, new Medicare beneficiaries in 2011 will pay higher Part B premiums than current beneficiaries, who are protected against premium increases in years like this in which Social Security cost-of-living adjustments aren’t large enough. (See How to Avoid the Medicare High-Income Surcharge.)
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