Medicare Part A (Hospital Insurance) Costs
Medicare Part A Monthly Premium
Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $407 each month. (Actually Down from 2014)
In 2015 you pay:
- $1,260 deductible per benefit period
- $0 for the first 60 days of each benefit period
- $315 per day for days 61–90 of each benefit period
- $630 per “lifetime reserve day” after day 90 of each benefit period(up to a maximum of 60 days over your lifetime)
Skilled Nursing Facility Stay
In 2015, you pay
- $0 for the first 20 days of each benefit period
- $157.50 per day for days 21–100 of each benefit period
- All costs for each day after day 100 of the benefit period
Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium – Base Premium $104.90
You pay a Part B premium each month. Most people will pay the standard premium amount. However, if your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you may pay more.
IF YOUR YEARLY INCOME IN 2013 WAS
|$85,000 or less||$170,000 or less||$85,000 or less||$104.90|
|above $85,000 up to $107,000||above $170,000 up to $214,000||N/A||$146.90|
|above $107,000 up to $160,000||above $214,000 up to $320,000||N/A||$209.80|
|above $160,000 up to $214,000||above $320,000 up to $428,000||above $85,000 up to $129,000||$272.70|
|above $214,000||above $428,000||above $129,000||$335.70|
If you have questions about your Part B premium, call Social Security at 1-800-772-1213. TTY users should call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.
Part B Deductible—$147 per year
Medicare Advantage Plans (Part C) and Medicare Prescription Drug Plans (Part D) Premiums
Part D Monthly Premium
The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium.
|FILE INDIVIDUAL TAX RETURN||FILE JOINT TAX RETURN||FILE MARRIED & SEPARATE TAX RETURN||YOU PAY (IN 2014)|
|$85,000 or less||$170,000 or less||$85,000 or less||Your plan premium|
|above $85,000 up to $107,000||above $170,000 up to $214,000||N/A||$12.10 + your plan premium|
|above $107,000 up to $160,000||above $214,000 up to $320,000||N/A||$31.10 + your plan premium|
|above $160,000 up to $214,000||above $320,000up to $428,000||above $85,000 up to $129,000||$50.20 + your plan premium|
|above $214,000||above $428,000||above $129,000||$69.30 + your plan premium|
2015 Part D National Base Beneficiary Premium—$33.13
This figure is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year. See your Medicare & You handbook or visit Medicare.gov for more information.
For more information about Medicare costs, visit Medicare.gov.
Source: Medicare.gov – Medicare Has not reviewed or endorsed any of the information on this website.