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Medicare Costs in the Future

2017-08-09 Charles Bradshaw

Charles Bradshaw President

I have received several emails recently from people who are either about to go on Medicare or are already on Medicare who are concerned about whether the Medicare Part B deductible will go up dramatically in the future.

The answer to this is “no”.

In almost all cases, the right option for someone on Medicare is to stay with regular Medicare and combine that with a Plan G Medicare Supplement.

Why Plan G Instead of Plan F

With a Plan G Medicare Supplement, the person on Medicare pays Medicare Part B’s once-a-year deductible of $183 and after paying that just once all of their costs are covered 100 percent for the rest of the calendar year.

From 2005 until 2018, Medicare’s Part B deductible increased from $110 to $183. (see chart below)

2018-03-31 Historicaland Projected Medicare Part B Premiums and Deductibles #4

That’s not too bad for 13 years – an average of $5.66 per year.

According to the 2017 Medicare Trustee’s Report, this deductible will likely remain at $183 in 2019 and will gradually increase to $266 by 2026.That’s an average of $10.38 per year over the next 8 years.

So the concern that Medicare’s Part B deductible – the only out-of-pocket cost you have with a Plan G Medicare Supplement – may go way up is not based on either history or expert projections.

2017 Medicare Trustees’ Report Appendix E

In addition to the Medicare Part B deductible, the Medicare Trustees’ report also projects future Medicare Part B premiums. This premium is currently $134.00 for most people.

In 2005, the Medicare Part B premium was $78.20.

In 2026, the Medicare Part B premium is projected to be $190.20.

During a 21 year span, this is an average increase of $5.33 per year.

While it would be ideal if Medicare costs remained the same throughout our retirement years, it is wonderful to have an outstanding health care system that is solvent and is projected have only modest increases in the future.

I would appreciate the chance to help you with your Medicare. Simply click on the link below to schedule a free, no-obligation Medicare consultation.

Simply click the following link to schedule a free, no-obligation 30-minute Medicare consultation.

Click here to schedule your free, no-obligation Medicare consultation

You can also call me at 888-549-1110 or email me at

I look forward to talking with you soon.

p.s. If you know of someone who needs help with their Medicare, please forward share this with them.

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