Monday, July 17, 2006

Medicare monthly premium set to increase for 2007

Premiums for Medicare Part B will be going up again next year the AP reports. The current premium is $88.50 and will be raised to at least $98.50.
"The elderly will face another double-digit rise in their Medicare premiums next year, resulting in monthly payments of nearly $100.
The monthly premiums for supplementary medical insurance will rise from $88.50 to at least $98.40, the Bush administration projected Tuesday. That's an 11.2 percent increase, and it's possible the amount will be slightly higher."

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