This is where the pendulum shifts unpredictably – Social Security cost of living increases will not occur in 2016 which should affect roughly 70% of those on Medicare. They will be “held harmless” and will not face an increase in their Medicare Part B premiums. The rest? They will have to make up the difference between what inflation is forecast and what the 70% don’t pay. This will result, according to the government, in increases as much as 52%:
Income | |||||
Single | <$85,000 | $85-$107,000 | $107-$160,000 | $160-$214,000 | >$214,000 |
Married | <$170,000 | $170-$214,000 | $214-$320,000 | $320-$428,000 | >$428,000 |
2015 | $104.90 | $146.90 | $209.80 | $272.70 | $335.70 |
2016 | $159.30 | $223.00 | $318.60 | $414.20 | $509.80 |