Medicare Part B helps to pay for physician’s services, outpatient hospital services, certain home health services and durable medical equipment. Most people will pay the standard premium amount for Medicare Part B.
However, if your modified adjusted gross income as reported by your IRS
return is above a certain amount, you may pay more.
If your yearly income in 2011 was:
File Individual Return File Joint Return You pay
$85,000 or less $170,000 or less $ 104.90
$85,001 – 107,000 $170,001 – 214,000 146.90
$107,001- 160,000 $214,001 – 320,000 209.80
$160,001 – 214,000 $320,001 – 428,000 272.70
Above $214,000 Above $428,000 335.70
Medicare Open Enrollment ends Friday, December 7, 2013. If you have not done so already, please take a few minutes to review your coverage information today. If you find your plan is not meeting your expectations, call me to set up an appointment to find a plan that offers better coverage. Call 440-255-5700.
All information provided here is taken from Medicare.gov, the official
U.S. Government website for Medicare information as of 11/16/2012. This information
is provided as a service only. For more information, please visit www.medicare.gov.