People who are age 65 and over get Medicare Part A and Part B. Medicare Part B charges a premium and will charge you more based on how much you make. For most people, the premium for Part B will be $104.90 per month. However, if your modified adjusted gross income from 2 years ago is above a certain amount, you may pay an increased premium. The amount you pay can change each year based on your
Medicare Part B Premium By Income
Medicare Part A & B covers around 80% of your healthcare needs. Many people get a Medicare Supplement (also referred to as Medigap) to cover the rest. Medicare along with a supplement is great health insurance. Part A covers the hospital and Medicare Part B covers the doctors and tests.
Part B premiums by income
If your yearly income in 2012 (for what you pay in 2014) was You pay (in 2014)
File individual tax return File joint tax return File married & separate tax return
$85,000 or less $170,000 or less $85,000 or less $104.90
above $85,000 up to $107,000 above $170,000 up to $214,000 Not applicable $146.90
above $107,000 up to $160,000 above $214,000 up to $320,000 Not applicable $209.80
above $160,000 up to $214,000 above $320,000 up to $428,000 above $85,000 and up to $129,000 $272.70
above $214,000 above $428,000 above $129,000 $335.70
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