Your Medicare Minute - Ask Lu
On November 8, 2019, the Centers for Medicare & Medicaid Services (CMS) released the 2020 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs.
Each year the Medicare premiums, deductibles, and copayment rates are adjusted according to the Social Security Act. For 2020, the Medicare Part B monthly premiums and the annual deductible are higher than the 2019 amounts. The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020, an increase of $9.10 from $135.50 in 2019. The annual deductible for all Medicare Part B beneficiaries is $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.
You can also experience “income related assessments” if you are single and your income is over $87,000 and $174,000 for a married couple.
Are you having a hard time making sense of Medicare? You are not alone. Many seniors are finding themselves bombarded with mail,
phone calls and many choices when approaching the Medicare age of 65.
LBIS – Lucille Bondi Insurance Solutions and her team of agents can help you through the process of obtaining the right Medicare coverage.
LBIS shops all Medicare related products from over 30 leading insurance carriers. From application through contracting, we are here to
help! We educate, inform and help you contract with the coverage and company of your choice. Whether it is in our conference room, at your
kitchen table or somewhere on the road, we offer a free consultation. It is very important to choose your coverage wisely.
We work to understand your needs, advise on transitioning from a group health policy to Medicare, when to defer or enroll in Medicare Part B if you are not retiring at age 65, and explaining the difference between Medicare Supplements and Medicare advantage plans. We can help you
by educating you on all of your options. Seeking the help of a professional win increase your knowledge,
improve your selection, reduce your stress and help prevent you from making a wrong and/or costly decision.
Let us help you “SOLVE THE MEDICARE MYSTERY.”
Contact us at: LUCILLE BONDI INSURANCE SOLUTIONS, 439 Main Street, Rear Bldg. Harleysville, PA 19438. Office: 215-256-5954. Fax: 215-256-8761. Toll Free: 1.800.518.5311.
lucille@bondimedicaresolutions.com
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