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Medicare Part B is the medical insurance component of Medicare! If you have this coverage along with Medicare Part A, you will have what is known as Original Medicare.
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Medicare Part B is the medical insurance component of Medicare! If you have this coverage along with Medicare Part A, you will have what is known as Original Medicare.
As for monthly premiums, the amounts vary based on earnings. This is determined through the Income-Related Monthly Adjustment Amount (IRMAA). With this, your plan decides monthly payment amounts according to the reported income on your tax return two years prior. The higher the income, the higher your premiums may be.
How you filed also matters – the amounts for those filing individually, jointly, and married and separately affect payments differently.
For example, those filing individually (or married and separately) who earned $103,000 or less will have monthly payments of $174.70. Likewise, those who filed jointly with a reported income of $193,000 or less will also pay that amount per month.
On the other end, those who filed individually with a reported income of $500,000 and above will pay $594.00 per month. Those who filed jointly with an income of $750,000 and up, or married and separately with earnings of at least $397,000 will pay that same amount per month.
IMPORTANT NOTICE FOR MEDICARE SALES CALLS
Due to large amount of deceptive television commercials regarding Medicare health plans, new regulations and disclosures are now required to prevent misleading information and provide Medicare beneficiaries with greater clarity and understanding of products being offered.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
We are not connected with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
