Well for those in the system now, good news. As far as I can find out most people on Traditional Medicare will pay the same part "B" premiums next year as they did this year. Now the Newbies coming into the system in 2011 for the first time, will pay higher monthly amounts. Sadly though this is the second year a freeze is on Social Security payments because of no increase in the Consumer Price Index (CPI).
And if you are coming into the medicare system beginning in 2011 there will be three different "standard" premiums for part "B". Part "B" covers doctors and outpatient care. Also people with incomes over a certain level will pay higher premiums for part "B" and part "D" which is prescription drugs in 2011.
- Here is a little "What if" chart to help you:
In 2011 you will pay $96.50 a month for part "B": If you paid that amount in 2010. - In 2011 you will pay 111.40 a month for part "B": If you paid that amount in 2010 AND it is deducted from your Social Security Checks.
- In 2011 you will pay 115.40 a month for part "B": If your premiums are NOT deducted from Social Security checks OR you are newly enrolled in Part "B".
- In 2011 you will pay between 161.50 and 369.10 a month for part "B" If you're single and your taxable income is more than $85,000, OR You're married and file a joint tax return showing taxable income more than $170,000.
- Finally, you will pay a surcharge of between $12 and $69.10 a month for part "D": if Your taxable income is the same as for the higher-income part "B" premiums above.
Source: AARP bulletins
No comments:
Post a Comment