General Discussion
In reply to the discussion: On Rachel tonight.......ah where the HELL IS AARP??? Really..... [View all]Ms. Toad
(36,447 posts)have up to two annual price increases - an age-based increase, and a Cost of living adjustments. Both should come in January.
My spouse hit both a reduction in her age-related discount and the COLA. I've got another year before I hit the age-related price hike. My father's premium (age 93) is about double mine (age 68). If I recall correctly, the age-related discount is set at the time you enroll. You start out with a heavy discount, which decreases until it decreases to zero. When it drops to zero depends on the plan. I think ours hits zero in our 80s. (Some other insurance carriers continue to increase age-related charges until you hit 100 - or even older.) I'd check and see what my spouse's premium is, but SSA is down for the night.
Prices do differ by state - and Ohio, for some reason, is among the lowest for the supplement.
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