Part B Doctor Visits & D Rx
surcharges for those with high Income

If you earn a lot of money, be thankful.  Then open up your wallet as it will cost you a little more for Part B – Medical and Part D Rx.  See the chart below t  and publication #10536 for more details.

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.

Here’s an Explanation in a 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 $87,000 for single people and $174,000 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 $144/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

Part D Rx & B Doctor Visits
Surcharge Chart


We don't always have time to update it.  Just click on chart or 2020 Medicare Costs #11579  for the latest from Medicare. 

Part D 
Higher Income Surcharge

Part D Rx Surcharge Chart

Part B Doctor Visits
Higher Income Surcharge

Part B Doctor Visits Surcharge Chart

Medicare Rules for High Income People
Medicare Costs 11579

Medicare Rules for High Income People

Rules for higher-income beneficiaries 
How does this affect me?
How does Social Security determine if I must pay higher premiums?
Which tax return does Social Security use? 
What if my income has gone down?
Monthly Medicare premiums for 2019
What if I disagree?

Medicare.Gov   on premiums & surcharges

SSA 44 Life Changes event to lower premium

Publication 11469 How income affects your Part D Rx Premium

Annual Verification FAQ  # 10507

Medicare Part A Hospital & B Doctor Visits Eligibility & Premium Calculator

Eligibility & Premium Calculator

Our Webpage on Late  Penalties?

Our Webpage on High Income?

Amplicare.com
Part D Rx Late Enrollment Penalty Calculator

 

Video
How Part D Late Enrollment Penalty is calculated

11 comments on “Premiums for those with High Income Parts D Rx & B Doctor Visits

  1. Please look at this bill.

    Do I have hospitalization with Medicare and

    is Part D for prescriptions which I also have with United Healthcare?

  2. I’m married and my income for 2019 will be under $170k, how and when can I get the surcharge taken off?

    • Plain English from Kiplinger.com

      What year’s income is used?

      The surcharge is based on income from your tax return two years ago—the most recent IRS data the government has when premiums are set in late fall. To determine 2017 premiums, for instance, income reported on your 2015 return filed in early 2016 was used. If your income exceeded the thresholds in 2016, you’ll probably owe the surcharges in 2018, and so on.

      What if my income has gone down?

      That’s the reason for the word probably in the previous answer. If you got hit with the surcharge this year, but your income has fallen since 2015, you may qualify for a waiver. If you experienced a qualifying “life-changing event,” you can easily get the surcharge waived—but you have to ask. Those events include retirement, divorce or death of a spouse. https://www.kiplinger.com/article/retirement/T039-C000-S004-medicare-surcharges-have-costly-effects.html

      ****

      Our research on “Official” Sites

      It appears to be as soon as you file a tax return with the lower figure.

      How does Social Security determine if I must pay higher premiums?

      To determine if you’ll pay higher premiums, Social Security uses the most recent federal tax return the IRS provides to us. https://www.ssa.gov/pubs/EN-05-10536.pdf

      Actual CFR Code of Federal Regulations https://www.law.cornell.edu/cfr/text/20/part-418/subpart-B

      (a) In general, we will use your modified adjusted gross income provided by IRS for the tax year 2 years prior to the effective year of the income-related monthly adjustment amount determination. Modified adjusted gross income is based on information you provide to IRS when you file your Federal income tax return. 418.1135

      If your income has gone down, however, due to certain specific circumstances, or if you filed an amended tax return, you can ask for a new decision without having to file an appeal. https://www.ssa.gov/pubs/EN-05-10125.pdf

      Request for Reconsideration https://www.ssa.gov/forms/ssa-561.pdf
      See also link for Medicare & You in upper side panels

  3. I just retired and was earning enough to get the highest surcharge – IRMAA income-related monthly adjustment amount.

    Why does Medicare use income from my tax return filed in 2016 – 2 years prior.

    How to I get the surcharge to be lower now that I’m retired?

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