you could see change there is and medicare enrollees could see an increase. that will be more substantial. another reason to save as much as you can now. >> it's kind of hard to get your head around all of this, but someone trying to figure out how to manage these costs, what should they do? >> it's a great calculator at aarp.org. they have great information. also, you just need to start now thinking now and saving now. if you're thinking i'm just putting in to the company, matching my 401(k) and that's enough, no. put in as much as you can. maximize the accounts available now to save for retirement while still working. your 401(k), ira, health savings to medicare. make sure you have that savings. but the most important thing to start off saying, how do you determine your health care? think about that now. how do you use health care? go a lot, not too frequently, how healthy are you and how to get healthier? exercise, eat right. do the right things. >> excellent advice, thank you. >>> big wheels keep on turning. john fogerty with the inspiration of one of the

dual medicare enrollees. that is going to be an even more substantial increase. another reason to save as much as you can now. >> it is hard to get your head around this. if someone is trying to figure out how to manage the cost what should you do? >> there is a great calculator. they have really great information. also you just need to start thinking about it and saving now. if you are thinking that i'm just putting in to the company matching my 401 k and that is enough, put in as much as you can, maximize the accounts you have available now to save for retirement. put money into a health savings account if hthat is available fr you. you want to make sure you have that savings. the most important thing how do you determine your health care? do you go to the doctor a lot, not too frequently? how could you get healthier, exercise, eat right, do the right thing. >>> up next "on the money" a look at the news for the week ahead and big whoels keep on turning. john foggerty shares the inspiration. >> a few days later the words proud mary came in my head. guests you ca

>> yes, about 7 million americans on medicare will see their premiums soar. this includes new enrolleescollect social security, yet, and dual medicare/medicaid beneficiaries. also affected, enrollees with high incomes above $85,000 for individuals, and $170,000 for married folks. >> okay here's the bad news. >> yeah. >> what is it going to cost? it's going to cost a lot more. >> premiums for individuals could soar 52% to over $159 a month. that's about $318 a month for married couples. a lot of money. >> mm-hmm. >> okay what can people do to protect themselves? >> people can do a few things. to protect themselves. first off, if you're planning on enrolling in medicare or collecting social security in 2016, you may want to enroll earlier. now. if you have a higher income, but you experience a life-changing event like a job loss, marriage, divorce, or death of a spouse, you can check if that event would put you in a lower earning bracket, making you eligible for an exemption. you should consult a financial planner. you should even consult a social security administration to see what other

going to have to collect it all from the minority of enrollees who are not protected by this exclusion. >> reporter: cms, the agency that runs medicareis not commenting on what it calls speculation, that a big premium hike in medicare is coming. meanwhile, the aarp and other proactive senior groups want congress to put a freeze on medicare premiums as part of any budget deal negotiated between now and the end of the year. for "nightly business report" i'm hampton pearson in washington. >> david sertner joins us to talk more about that flat social security benefit and rising medicare premiums and what it all means. for some older americans. he's the legislative policy director at the aforementioned aarp. mr. sertner, welcome. there are a lot of directions we could go here with this conversation. we'll try to go as quickly to as many of them as we can. but 30% of medicare beneficiaries will now see their premiums go up by 52%. who are those 30%? >> well, there's a group of 70% who are held harmless but there's another group of 30% who are not. and they not only see their increases but they have to pick up everybody else's increases as