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Recently, I heard a guy who called in to a radio program and during the conversation mentioned that he was receiving $690 per month from Social Security and was paying $96.40 per month in Part B premiums. The host didn’t have a response to that statement, but I started to yell at the radio.He should not be paying the $96.40 per month at all. He falls in the category of a Qualified Medicare Beneficiary which means that he is eligible for the Medicare Savings Program. Because his income is less than $932 per month, this program will pay all his deductibles, coinsurance and the Part B premiums. Social Security will not tell this to him or anyone else. You have to seek this information out for yourself. I have personally helped many Social Security recipients to stop paying the Part B premiums and both the coinsurance and deductibles.
Contact me right away if you need help, willbar@yourconsultantsite.com.
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