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	<title>New answer on: How Much Is The Current Medicare Premium?</title>

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		<title>By: Joe 'Gravy' Graves</title>

		<link>https://www.insurancelibrary.com/medicare-insurance/how-much-is-the-current-medicare-premium</link>

		<dc:creator>Joe 'Gravy' Graves</dc:creator>

		<pubDate>Sun, 01 May 2016 16:31:20 +0000</pubDate>

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		<description><![CDATA[It&#039;s 2016... Here is a good amount of info on both Part A &#038; Part B... Enjoy :-) - gravy. 

How much does Part A cost? You usually don&#039;t pay a monthly premium for Medicare Part A (Hospital Insurance) coverage if you or your spouse paid Medicare taxes while working. This is sometimes called &quot;premium-free Part A.&quot; If you buy Part A, you&#039;ll pay up to $411 each month. But, MOST PEOPLE GET PREMIUM - FREE Part A. 

You can get premium-free Part A at 65 if:
&#062;&#062;You already get retirement benefits from Social Security or the Railroad Retirement Board.
&#062;&#062;You&#039;re eligible to get Social Security or Railroad benefits but haven&#039;t filed for them yet.
&#062;&#062;You or your spouse had Medicare-covered government employment.

If you&#039;re under 65, you can get premium-free Part A if:
&#062;&#062;You got Social Security or Railroad Retirement Board disability benefits for 24 months.
&#062;&#062;You have End-Stage Renal Disease (ESRD) and meet certain requirements.

In most cases, if you choose to buy Part A, you must also have Medicare Part B (Medical Insurance) and pay monthly premiums for both.

So.... How much does Part B cost?

You pay a premium each month for Part B. If you get Social Security, Railroad Retirement Board, or Office of Personnel Management benefits, your Part B premium will be automatically deducted from your benefit payment. If you don’t get these benefit payments, you’ll get a bill. 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 an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium.

The standard Part B premium amount is $121.80 (or higher depending on your income). However, most people who get Social Security benefits will continue to pay the same Part B premium amount as they paid in 2015. This is because there wasn&#039;t a cost-of-living increase for 2016 Social Security benefits. You&#039;ll pay a different premium amount if: 
&#062;&#062;You enroll in Part B for the first time in 2016.
&#062;&#062;You don&#039;t get Social Security benefits.
&#062;&#062;You&#039;re directly billed for your Part B premiums.
&#062;&#062;You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $121.80.)
&#062;&#062;Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.

If you&#039;re in 1 of these 5 groups, here&#039;s what you&#039;ll pay. If your yearly income in 2014 (for what you pay in 2016)

File individual tax return                  File joint tax return            File married &#038; separate tax return
$85,000 or less                               $170,000 or less                $85,000 or less                         $121.80 
85K through 107K                          170K through 214K            N/A                                            $170.50
107K through 160K                        214K through 320K            N/A                                            $243.60
160K through 214K                        320K through 428K            &#062; 85K through 129K                  $316.70
214K &#038; up                                      428K &#038; up                           129K &#038; up                                 $389.80      

THIS IS ONLY the premiums.... You must know &#038; understand the deductibles for Part A &#038; B and the coinsurance for Part B.... After all the above, YOU MUST own some sort of Medicare Supplement (MediGap)... YES, there is Part C of Medicare (Advantage Plans)... they&#039;re OK for some  people... yet the MATH leads over 90% of the Seniors we serve to a Plan G, sometimes a High Deductible F (HDF) Plan. Reach out with any questions :-) - gravy.]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/medicare-insurance/how-much-is-the-current-medicare-premium</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Tue, 23 Jul 2013 23:16:10 +0000</pubDate>

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		<description><![CDATA[The current Medicare premium for Part B is $104.90/mo in 2013, if one&#039;s income is $85,000 or less. If income is between $85,000 and $107,000, the premium is $146.90/mo. The amounts go up incrementally until the highest premium, which is for those with incomes above $214,000 per year. That premium is $335.70/mo.

Part A does not have a premium for those who qualify for free Part A, which is almost everyone.]]></description>

		

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