Premiums for Medicare Part B will rise by a modest amount in the new year. The average premium for Part B, which covers physician services, outpatient hospital services and medical equipment, will rise to approximately $109 for most retirees, according to an announcement from the Centers for Medicare & Medicaid Services. That’s just slightly more than the typical premium of $104.90, which has been in place for the last four years. Medicare’s premiums didn’t rise by much because they’re tied to Social Security’s cost-of-living adjustment for benefits in 2017. The Social Security Administration announced a 0.3 percent increase in benefits in October. A “hold harmless” rule protects about 70 percent of recipients from large Medicare premium hikes during years in which the Social Security COLA is low. Those individuals, on average, will be paying $109 each month for their Part B coverage in January. The remaining 30 percent of older Americans, however, are not covered by this provision and will face higher costs. For those people, they will be paying a standard monthly premium of $134 for 2017, up from $121.80 in 2016. See the article below for premiums that will be paid by the highest income beneficiaries.