Medicare and You 2020 #10050
Everything you want to know
Different Parts of Medicare
Understanding your Medicare Choices
Medi Gap vs Medicare Advantage
How to sign up for Parts A & B
Is your test, service, or item covered?
Original Medicare Parts A & B
Medicare Advantage Plans & Part D Rx
Supplement Insurance (Medigap)
Low Income Help LIS
Part B Doctor Visits & D Rx
surcharges for those with high Income
Note that MAGI for Social Security is a little different here that from the definition for those under 65 in Obamacare. MAGI is the total of your adjusted gross income [line 37 1040] and tax-exempt interest income.
Explanation in Specimen MAPD Evidence of Coverage page 20
Most Medicare beneficiaries pay the standard monthly premium, which is set to cover 25 percent of Part B and Part D program costs, but a relatively small share of beneficiaries (around 6 percent in 2015) with incomes above $85,000 for single people and $170,000 for married couples are required to pay higher premiums for Medicare Part B and Part D—ranging from 35 percent to 80 percent of program costs, that means that your $135/month Part B premium, costs Medicare more than $429/month! and the average $36 Part D premium costs Medicare $112/month, click on footnote KFF.org to view charts! depending on your income (Figure 1). KFF.org
This chart changes annually.
We don't always have time to update it. Just click on chart or here for the latest from Medicare.
- AARP – Part D Rx
- Blue Cross Rx
- Blue Shield Rx
- Donut Hole – Coverage Gap
- Late Enrollment Penalty – Calculations
- Premiums for those with High Income
- Shop & Compare Tools Part D Rx
- Technical Info Part D
- Waiting Period – Pre X for Prescriptions – Part D?