by Steve Donohue New Hampshire Medicare Supplement Insurance Broker
In 2019 experts are predicting that Social Security Benefits will increase by approximately 2.9%. This translates to an additional $39 month for the average $1400 monthly Social Security benefit.
Now in 2018, for most US Senior Citizens, the Social Security cost of living adjustment was erased by an increase in Medicare Part B costs. The good news for 2019 is that a significant increase in Medicare Part B Costs is NOT expected. Recent estimates for Medicare Part B Premiums for 2019 are $135.50 for most recipients. (Some higher wage earners will pay more for Part B). In 2018 most NH Medicare recipients pay $134 month for Part B.
The 2019 Medicare Part B Costs will not be announced until the Social Security Administration announces the cost of living increase next month. Please see great article on CNBC.COM that explains how experts predict monthly checks for many seniors will increase in 2019.
There are many choices in the NH Medicare insurance market for seniors. If you are on Medicare, and would like to learn more about the Medicare Supplement plans offered to here in New Hampshire please call us at 1-888-882-2909.
For more Medicare Resources please visit:
Questions and Answers about Medicare Enrollment Before, During and After Open Enrollment
Medicare Supplement Plans F, G and N Compared
See the NH Medicare Insurers with BEST Medigap Plan G Rates for 2018 and 2019