Medicare Part B premiums rising $5

UPI: WASHINGTON, Nov. 16, 2012 — Medicare announced Friday premiums for Part B coverage will increase $5 in 2013 to $104.90 a month.

The increase is less than the $9 increase previously projected. Part B participants currently pay $99.90, usually deducted directly from their Social Security checks.

Part B covers outpatient care.

AARP noted the increase “will eat up nearly 25 percent of the monthly Social Security cost of living adjustment,” which amounted to 1.7 percent for 2013. Read more