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, depending on their incomes (Figure 1). KFF.org
- 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
- Technical Info Part D
- Waiting Period – Pre X for Prescriptions – Part D?
Changes in Premiums, Deductibles
Monthly Medicare Part B premiums will increase to about $120, rather than to $159, for roughly 30% of beneficiaries Beneficiaries with higher incomes will have monthly premiums ranging from $170.50 for those with annual incomes greater than $85,000 to $389.80 for those with annual incomes greater than $214,000.
Meanwhile, beneficiaries not affected by the increase will continue to pay monthly premiums of $104.90.
$19 increase in deductibles – annual deductibles will increase to about $167, rather than to $223 Current deductibles are $147 annually. Increase for some, not others. If on Social Security, can’t increase more than those benefits CA Health Line 11.11.2015
Congress asks that Part B and Deductibles not increase too much for 2016 CA Health Line 10.15.2015 Pending thought is to raise Part B from 104.90 to $159 and the deductible to $223 from $147.
Nope – maybe only a premium increase to $120 – CA Health Line 10.28.2015