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Social Security
Notes
The basic monthly premium for medical • insurance under Medicare will increase from $5.30 to $5.60 beginning July 1, according to Mrs. Hazel F. Crumpton, social security district manager in Winchester. The 30-cent increase, payable by people 65 and over who have the medical insurance part of Medicare, will cover increasing medical costs and greater use of medical services, she said.
Medical insurance helps pay doctor bills for about 95 percednt of the people 65 or over in the Nation, according to Mrs. Crumpton. The program is financed by monthly premiums that are matched by the Federal Government.
Most people 65 and over also have Medicare hospital insurance, which is financed by payroll contributions of workers and
96.6%