Current News:
Spring 2018 Newsletter: Login to view.
LARFPA Annual Barbecue: Print reservation form now.
LAPRA email campaign: LAPRA is requesting its members to share contact information. Please log in to view the details.
2018 Cost of Living adjustment: 2018 COLA coming soon.
Medicare part B Premium 2018: On November 18, 2017, the Centers for Medicare & Medicaid Services announced the Medicare Part B base premium for 2018 would be $134 per month. The premium will be effective January 1, 2018. This is the same amount paid in 2017 by the 30% of Medicare recipients who were not covered by the “safe harbor” provision that was in effect in 2017. For the 70% of Medicare recipients who had been protected by the safe harbor provision, their premium will be increased from $109 per month, if they had been eligible for Medicare in 2016, and from $126 per month, if they had first become eligible for Medicare in 2017, or did not have their premium deducted from their Social Security check.
This increase is a direct result of the 2018 2% increase in the Social Security cost of living adjustment. In 2016 and 2017 the safe harbor recipients did not see an increase in their Medicare Part B premium because the premium increase was greater than the amount of the Social Security cost of living adjustment. (Under existing law, no increase in Medicare premiums can reduce a Social Security recipient’s net monthly check.) Because the average increase in 2018 Social Security benefits will be $27 per month, the increase in the Part B premium will not result in a net decrease in any member’s net monthly check.
It should be noted the $134 per month is the basic premium amount. Individuals with modified adjusted gross income (magi) exceeding $85,000, and couples with a magi exceeding $170,000, will be forced to pay additional “high-income” premium surcharges. The Social Security Administration will be sending letters to all Medicare eligible retirees spelling out the exact amount they will be charged for Medicare Part B in 2018.
This increase is a direct result of the 2018 2% increase in the Social Security cost of living adjustment. In 2016 and 2017 the safe harbor recipients did not see an increase in their Medicare Part B premium because the premium increase was greater than the amount of the Social Security cost of living adjustment. (Under existing law, no increase in Medicare premiums can reduce a Social Security recipient’s net monthly check.) Because the average increase in 2018 Social Security benefits will be $27 per month, the increase in the Part B premium will not result in a net decrease in any member’s net monthly check.
It should be noted the $134 per month is the basic premium amount. Individuals with modified adjusted gross income (magi) exceeding $85,000, and couples with a magi exceeding $170,000, will be forced to pay additional “high-income” premium surcharges. The Social Security Administration will be sending letters to all Medicare eligible retirees spelling out the exact amount they will be charged for Medicare Part B in 2018.
Flat Badge purchase form: Sworn retired members of the Los Angeles Police Department can purchase a flat badge by completing the application.
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Upcoming Events:
General Membership Meeting and Annual BarbecueWe hope you join us Wednesday, June 6, 2018 at Grace Simons Lodge. Please contact us for details.
General Membership MeetingWednesday, September 5, 2018 at Grace Simons Lodge. Meeting begins at 10 am, boxed lunch will be served.
Annual Holiday CelebrationThe Holiday Celebration has a new date! Please join us Saturday December 8, 2018 at the Sportsmen's Lodge.
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Past Events:
2017 Holiday Celebration |
Donate to the Benevolet Association
9521 Las Tunas Dr., Suite 4 - Temple City, CA 91780
(888) 288-5073 - (323) 283-4441 - (626) 285-5138
Fax: (626) 285-1461 - email: info@larfpa.com
(888) 288-5073 - (323) 283-4441 - (626) 285-5138
Fax: (626) 285-1461 - email: info@larfpa.com
