CMS Publishes Final Medicare Part B Premium Rates For 2016
After months of speculation and debate, the Centers for Medicare and Medicaid Services (CMS) has published the official rates for Medicare Part B premiums beginning in January 2016.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
After months of speculation and debate, the Centers for Medicare and Medicaid Services (CMS) has published the official rates for Medicare Part B premiums beginning in January 2016.
The Centers for Medicare and Medicaid Services have announced the 2016 premiums and deductibles for the Medicare outpatient hospital services (Part B) programs.
The Office of Personnel Management processed over 10,000 retirement applications in October, however, there are still over 12,000 backlogged applications.
President Obama signed the Bipartisan Budget Act of 2015 into law on Monday. Among its provisions, the two-year budget deal sets 2016 Medicare Part B premium rates.
A new recommendation for the TSP would change the current investment structure of these funds.
Following an outcry by many groups, new legislation would reduce the premium increase facing Medicare Part B participants in 2016. However, some will benefit and some will not. The author explains who comes out on top and who doesn’t under the new law.
Federal retirees who are also enrolled in Medicare part B will be glad to know that the budget deal put forth in the House includes language to protect them from a sharp increase in premiums.
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