Part A Premiums For those not otherwise entitled to Part A Benefits who purchase Medicare coverage
Medicare Covered Employment – – Less than 30 quarters: $458/month – 30 to 39 quarters: $252/month (if you pay a late enrollment fee – the premium could be higher)
MEDICARE PART B: PHYSICIAN SERVICES
Deductible
$198 per year
Co-Insurance
20% of approved charge
Balance Billing
15% of approved charge
MEDICARE PART B PREMIUMS: YOU PAY
IF YOUR YEARLY INCOME IS
SINGLE
MARRIED COUPLE
$144.60
$87,000 OR LESS
$174,000 OR LESS
$202.40
$87,001-109,000
$174,001-218,000
$289.20
$109,001-136,000
$218,001-272,000
$376.00
$136,001-163,000
$272,001-326,000
$462.70
$163,001-500,000
$326,001-750,000
$491.60
$500,000 OR ABOVE
$750,000 OR ABOVE
For more information on Medicare you can visit us at www.vjrussolaw.com. Additionally, we also have information and resources on Medicaid, Social Security, Veterans Benefits, Elder Law, Special Needs Planning and Estate Planning. Please do not hesitate to contact us with any questions or comments.
100 Quentin Roosevelt Blvd. | Suite 102 | Garden City, NY 11530 PHONE 516-683-1717 | FAX 516-683-9393
Garden City | Lido Beach | Islandia | Bay Shore | Manhattan
Does the pmt amount for Medicare refer to gross income or adjusted gross income? What tax year are they looking at to come up with what I’ll be paying in 2020?
Thank you for your question. Please note that Medicare uses the modified adjusted gross income reported on your IRS tax return from 2 years ago. For example, for 2020, Medicare will use your 2018 figures.
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maureen wallenstein
Does the pmt amount for Medicare refer to gross income or adjusted gross income? What tax year are they looking at to come up with what I’ll be paying in 2020?
Russo Law Group, P.C.
Thank you for your question. Please note that Medicare uses the modified adjusted gross income reported on your IRS tax return from 2 years ago. For example, for 2020, Medicare will use your 2018 figures.
Thank you and have a great day.
Sincerely yours,
Kim N. Christian, Esq. | Partner