Will My Medicare Part B Premium Increase In 2010?
Most people do not need to worry that their Medicare Part B premium will increase in 2010.
The premiums for Medicare Part B are deducted from a Social Security recipient’s benefit checks. The recent changes in the rules may make a person collecting retirement or disability benefits wonder if the Medicare Part B premium in 2010 will affect him or her.
Where Will I Find Information?
Medicare.gov answers the basic question and provides charts for higher income earners who need to know what their new payment will be. If an individual with Medicare coverage makes less than $85,000 per year, his premium for the plan will still be $96.50 per month. Part B covers lab tests and certain services that are not covered under Medicare Part A.
What if I Make Over $85,000 a Year?
The Medicare Part B increase in 2010 will affect a recipient who earns $85,000 to $170,000 differently than it will affect people who earn more than that amount. Those individuals whose income falls within the range listed above will see a 15% increase in their Medicare Part B premium. The new amount deducted will be $110.50.
Where Can I find Guidelines?
Medicare.gov published the guidelines for the Medicare Part B premium increase in 2010. The maximum amount for people who earn more than $250,000 a year caps out at roughly $354 dollars for a married person who files singly. A married couple can realize significant savings by filing jointly.
Medicare Premiums for Filing as a Single Person, Filing as a Couple
The majority of Medicare recipients will not see a change in their premiums at all in 2010. As long as you earn less than $85, the amount you receive on your benefit check each month will remain the same. If a recipient starts to earn more than this, he must notify the social security offices to any changes in his case. A person who cannot afford the premiums may qualify for help in paying them through the Medicaid program in his state. Medicaid programs are usually administered the public assistance office.
Related posts
- Does Everyone Pay the Same for Medicare Part B?
- What Is New For Medicare Upcoming in 2010?
- When Do The Medicare Premiums And Co-Insurance Rates Change?
- Who Will Pay Higher Medicare Part B Premiums?
- Will My Medicare Part B Premium Increase In 2011?
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