Part B Premium Changes

[kgmom219]

In multiple articles, the "Medicare doc fix" legislation references a change to the Part B premium costs for the top 2%. In a couple of articles, it references $138K (down from $170K) as the bottom number.

Has anyone seen the actual chart? I've spent an hour looking (I'm doing a presentation) and can't find it.

Thanks!

 

[somarco]

Not sure if this is what you want or not.

High-Income Premium Surcharges
This feature of the new law socks it to the highest-income seniors. Affluent beneficiaries already pay more for Medicare; individuals with modified adjusted gross income (MAGI) starting at $85,000--or $170,000 for joint filers--pay a higher share of the government's full cost of coverage in Medicare Part B and Part D for prescription-drug coverage. This year, for example, seniors with incomes at or below $85,0000 pay $104.90 per month in Part B premiums, but higher-income seniors pay between $146.90 and $335.70 monthly, depending on their income.

The new plan will shift a higher percentage of costs to higher-income seniors starting in 2018 for those with MAGI between $133,500 and $214,000 (twice that for couples). Seniors with incomes of $133,000 to $160,000 would pay 65% of total premium costs, rather than 50% today. Seniors with incomes between $160,000 and $214,000 would pay 80% rather than 65%, as they do today.

Notably, earlier reform proposals to boost high-income surcharges would have effectively lowered the income thresholds, tapping less affluent households.

What the Medicare 'Doc Fix' Means for Your Pocketbook

 

[kgmom219]

Not sure if this is what you want or not.


What the Medicare 'Doc Fix' Means for Your Pocketbook

Kind of. And I really do appreciate it.

Here's my take. What are your thoughts?

Current: Beginning at $85K/$170K, you pay more than the $104 (I'm not going thru the entire chart)

2018: Beginning at $133K/$266L, you pay more than the $104 (in today's dollars)

So here's what I am trying to figure out....what happens to the people between $85K and $133K in 2018? They no longer pay a higher share?

And why is so dang difficult to find? Taxes filed NEXT YEAR are what they are going to pull from for 2018.

 

[somarco]

It's too late and my brain is fried to figure this out. Just a wag, but you can't find it because it isn't 2018 yet.

Heck, Obamacare was on the books for a couple of years before Nancy P figured out what was in that dang law.

 

[kgmom219]

It's too late and my brain is fried to figure this out. Just a wag, but you can't find it because it isn't 2018 yet.

Heck, Obamacare was on the books for a couple of years before Nancy P figured out what was in that dang law.

1. I'm a girl. I have no patience. I want it NOW. (And I really do need it)

2. They had to teach how to read first....

 

[somarco]

Well, I think I will just leave this alone so I don't get myself in trouble .........