TheGreyingDuke wrote:If I get raised to $159.30 for next year is that increase built in to future premiums?
My level of knowledge regarding Medicare is well below my knowledge level of Social Security, so I would encourage you to read the Code section for yourself. Here is the link again:
Subsection (a) deals with how the premium is set in the first place. As far as I can tell, it's simply a function of the program's costs, and does not reference the prior year's premium at all.
Subsection (b) deals with the penalty for late enrollment, so I don't think we're concerned about that here.
Subsection (c) is about rounding -- again not a concern here.
Subsection (d) provides a definition for a term used in subsection (b) -- again dealing with the penalty for late enrollment.
Subsection (e) deals with another aspect of the late enrollment penalty.
Subsection (f) is where we get to the hold harmless rules. I do not see anything here about premiums not being able to go down. I only see a limitation on how much they can go up.
Subsection (g) deals with whether drug costs and home health services are included in the costs used to calculate premiums. (I think?)
Subsection (h) deals with "people residing in a CCA [comparative cost adjustment] area under section 1395w–29." Section 1395w-29 itself, however, has apparently been repealed
. So I'm guessing we don't need to worry about it.
Subsection (i) is about IRMAA (i.e., people with incomes above certain levels having their premiums subsidized less than people with lower incomes), which is not our concern here.
...and that's it. So, I'm not seeing anything that says that if your premium gets bumped up to a certain level in one year, it can't go down in the next year. But again, I'd encourage you to read it for yourself. I may be missing something or misunderstanding something.