Julie Hilbert...
SENIOR MOMENT UPDATE
Increase to Social Security for 2012 - The Social Security Administration has announced a 3.6% increase in the annual Cost of Living Adjustments, or COLAs, for Social Security beneficiaries in 2012. The COLA increase will take effect January 1 and is welcome news for beneficiaries who have not seen a cost of living increase since 2009. The 3.6% increase adds about $43 to the average retired worker’s Social Security check of $1,186. However, premium costs for Medicare Part B coverage are expected to rise, potentially by double-digits, eating away at much of this cost of living increase.
More good news! – Medicare Part B Premiums for 2012. People paying $96.40 will now pay $99.90 for next year an increase of $3.50. People that are currently paying either $110.50 or $115.40 will now pay $99.90 a DECREASE of either $15.50 or $10.60. So in 2012 everyone will be paying the $99.90 for Medicare Part B premiums. If you have higher income greater than $85,000 for a single or $170,000 for a couple the cost of the Medicare Part B and Medicare Part D premiums have increased for 2012. See Julie for further details.
Other changes – Medicare Part A deductible will increase to $1,156 and Medicare Part B deductible will decrease to $140.00.
Energy Assistance
Madison Number to set apts – 800-506-5596
Meet with rep. In FDL - 920-929-3445
104 S. Main St. Suite 711
Fond du Lac, WI 54935
Apply times run from October to May 15th (Not guaranteed because of funding)
To Qualify
SS cards of people in home
Utility bill
All gross income for previous 3 months (everyone in home)
Income 2011-2012 Season:
$2,027 a month or $24,319 per year for individuals
$2,650 a month or $31,802 per year for couples
*Crisis funding – if get grant but doesn’t cover costs they can still get additional funding
Increase to Social Security for 2012 - The Social Security Administration has announced a 3.6% increase in the annual Cost of Living Adjustments, or COLAs, for Social Security beneficiaries in 2012. The COLA increase will take effect January 1 and is welcome news for beneficiaries who have not seen a cost of living increase since 2009. The 3.6% increase adds about $43 to the average retired worker’s Social Security check of $1,186. However, premium costs for Medicare Part B coverage are expected to rise, potentially by double-digits, eating away at much of this cost of living increase.
More good news! – Medicare Part B Premiums for 2012. People paying $96.40 will now pay $99.90 for next year an increase of $3.50. People that are currently paying either $110.50 or $115.40 will now pay $99.90 a DECREASE of either $15.50 or $10.60. So in 2012 everyone will be paying the $99.90 for Medicare Part B premiums. If you have higher income greater than $85,000 for a single or $170,000 for a couple the cost of the Medicare Part B and Medicare Part D premiums have increased for 2012. See Julie for further details.
Other changes – Medicare Part A deductible will increase to $1,156 and Medicare Part B deductible will decrease to $140.00.
Energy Assistance
Madison Number to set apts – 800-506-5596
Meet with rep. In FDL - 920-929-3445
104 S. Main St. Suite 711
Fond du Lac, WI 54935
Apply times run from October to May 15th (Not guaranteed because of funding)
To Qualify
SS cards of people in home
Utility bill
All gross income for previous 3 months (everyone in home)
Income 2011-2012 Season:
$2,027 a month or $24,319 per year for individuals
$2,650 a month or $31,802 per year for couples
*Crisis funding – if get grant but doesn’t cover costs they can still get additional funding
posted by Bob Hoffmaster - KFIZ at 9:09 AM
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