Industry Blog

Centers for Medicare & Medicaid Services (CMS) have announced the 2018 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs.

Medicare Part B Premiums/Deductibles

Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and other items.

The standard monthly premium for Medicare Part B enrollees will be $134 for 2018, the same amount as in 2017. Some beneficiaries who were held harmless against Part B premium increases in prior years will have a Part B premium increase in 2018, but the premium increase will be offset by the increase in their Social Security benefits next year.

“Medicare’s top priority is to ensure that beneficiaries have choices for affordable, high-quality care that fit their needs,” said CMS Administrator Seema Verma. “Next year, no beneficiary protected by the hold-harmless provision will see a Part B premium increase that is greater than the increase in their Social Security benefits. We encourage Medicare beneficiaries to explore their options to make an informed choice between Original Medicare and Medicare Advantage before Open Enrollment ends on December 7.”

CMS recently released the benefit, premium, and Star Ratings information for Medicare health and drug plans which shows that there will be more health coverage choices, improved access to high-quality health choices, and decreased premiums in 2018. CMS estimates that the Medicare Advantage average monthly premium will decrease by $1.91 (about 6 percent) in 2018, from an average of $31.91 in 2017 to $30. More than three-fourths (77 percent) of Medicare Advantage enrollees remaining in their current plan will have the same or lower premium for 2018. The average basic premium for a Medicare prescription drug plan in 2018 is projected to decline to an estimated $33.50 per month. This represents a decrease of approximately $1.20 below the average basic premium of $34.70 in 2017. The Medicare prescription drug plan average basic premium is projected to decline for the first time since 2012.

CMS also announced that the annual deductible for all Medicare Part B beneficiaries will be $183 in 2018, the same annual deductible in 2017. Premiums and deductibles for Medicare Advantage and Medicare Prescription Drug plans are already finalized and are unaffected by this announcement.

Medicare Part A Premiums/Deductibles

Medicare Part A covers inpatient hospital, skilled nursing facility, and some home health care services. About 99 percent of Medicare beneficiaries do not have a Part A premium since they have at least 40 quarters of Medicare-covered employment.

The Medicare Part A annual inpatient hospital deductible that beneficiaries pay when admitted to the hospital will be $1,340 per benefit period in 2018, an increase of $24 from $1,316 in 2017.




This coming Medicare Open Enrollment will be your LAST CHANCE to enroll in the National IUE-CWA Group Medicare Supplement with NO HEALTH QUESTIONS and NO WAITING PERIODS.  All states in the US are available.

Contact TLC Insurance Group for further information at 1-800-719-3751.

Saturday, August 12th TLC Insurance Group held the 2017 Packard Picnic celebrating the retirees of the IUE-CWA and their contributions to the community. The weather was beautiful and together with the community we were able to make wishes come true, as all proceeds from the event benefited Make-A-Wish. We are very grateful to all the supporters, vendors and retirees who made the day so special. TLC Insurance Group awarded a $4000.00 check to Make-A-Wish on Wednesday, August 23, 2017 on behalf of the event and all the sponsors. TLC is honored to be part of this community, and we look forward to sharing this event with all GM, Packard, and Delphi retirees and current employees for years to come. TLC will again hold this IUE Retiree picnic in Warren the late summer of 2019. The IUE 2018 Picnic will take place in Dayton, OH.

Pictured: Chris Villwock (Owner, TLC Insurance Group), Kristin Okel (Make-A-Wish), Ed Salus (Local President IUE-CWA), Brian Lutz (Chair, IUE-CWA), and Craig Villwock (Owner, TLC Insurance Group).

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