haha
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The following applies to year 2010, but the principles will apply going forward.
http://questions.medicare.gov/app/answers/detail/a_id/2262
Will my Medicare Part B premium increase in 2010?
Most Medicare beneficiaries will continue to pay the same $96.40 Part B premium amount in 2010. Beneficiaries who currently have the Social Security Administration (SSA) withhold their Part B premium and have incomes of $85,000 or less (or $170,000 or less for joint filers) will not have an increase in their Part B premium for 2010.
For all others, the standard Medicare Part B monthly premium will be $110.50 in 2010, which is a 15% increase over the 2009 premium. The Medicare Part B premium is increasing in 2010 due to possible increases in Part B costs. If your income is above $85,000 (single) or $170,000 (married couple), then your Medicare Part B premium may be higher than $110.50 per month. For additional details, see our FAQ titled: 2010 Part B Premium Amounts for Persons with Higher Income Levels. In 2010:
· New Part B beneficiaries will pay $110.50 (because they did not have the premium withheld from their Social Security benefit in the previous year).
· Beneficiaries who do not currently have the Part B premium withheld from their Social Security benefit will pay $110.50.
Higher-income beneficiaries pay $110.50 plus an additional amount, based on the income-related monthly adjustment amount (IRMAA.
As I remember, my first year on Medicare I paid the standard premium, and since I was not taking SS I had the Medicare premium deducted from my bank account. The next 2 years I was also paying from my bank account, and I had to pay the increased premium due to higher income. In 2009 I was getting SS payments the entire year, and I had my premium (also the higher level due to income) deducted from my SS payments. Then in 2010, my income was within the <=$85,000 limit for a single person to pay the base premium, so my deducted premium reverted to the $96.40 base rate.
I have recently stopped receiving SS payments (due to a payback), and I suppose that I will again be paying $110.50, rather than the $96.40 base rate. This is also true for anyone who in Medicare and not receiving SS, or whose SS payments started in the current year.
My 2010 income will also be below the $85,000 threshold that triggers payment surcharges, but I assume that next year (2011) I will have to pay whatever increased rate is assigned to the base rate payers who have not been having their pt.B premiums deducted from their SS checks. In 2011 I will become 70, so I will restart my SS payments and get my premiums deducted from these SS payments. My main question is, will my rate in 2012 and beyond revert to the base rate for those who are having their premiums deducted from their SS checks, or will I have a permanently higher base rate?
Ha
http://questions.medicare.gov/app/answers/detail/a_id/2262
Will my Medicare Part B premium increase in 2010?
Most Medicare beneficiaries will continue to pay the same $96.40 Part B premium amount in 2010. Beneficiaries who currently have the Social Security Administration (SSA) withhold their Part B premium and have incomes of $85,000 or less (or $170,000 or less for joint filers) will not have an increase in their Part B premium for 2010.
For all others, the standard Medicare Part B monthly premium will be $110.50 in 2010, which is a 15% increase over the 2009 premium. The Medicare Part B premium is increasing in 2010 due to possible increases in Part B costs. If your income is above $85,000 (single) or $170,000 (married couple), then your Medicare Part B premium may be higher than $110.50 per month. For additional details, see our FAQ titled: 2010 Part B Premium Amounts for Persons with Higher Income Levels. In 2010:
· New Part B beneficiaries will pay $110.50 (because they did not have the premium withheld from their Social Security benefit in the previous year).
· Beneficiaries who do not currently have the Part B premium withheld from their Social Security benefit will pay $110.50.
Higher-income beneficiaries pay $110.50 plus an additional amount, based on the income-related monthly adjustment amount (IRMAA.
As I remember, my first year on Medicare I paid the standard premium, and since I was not taking SS I had the Medicare premium deducted from my bank account. The next 2 years I was also paying from my bank account, and I had to pay the increased premium due to higher income. In 2009 I was getting SS payments the entire year, and I had my premium (also the higher level due to income) deducted from my SS payments. Then in 2010, my income was within the <=$85,000 limit for a single person to pay the base premium, so my deducted premium reverted to the $96.40 base rate.
I have recently stopped receiving SS payments (due to a payback), and I suppose that I will again be paying $110.50, rather than the $96.40 base rate. This is also true for anyone who in Medicare and not receiving SS, or whose SS payments started in the current year.
My 2010 income will also be below the $85,000 threshold that triggers payment surcharges, but I assume that next year (2011) I will have to pay whatever increased rate is assigned to the base rate payers who have not been having their pt.B premiums deducted from their SS checks. In 2011 I will become 70, so I will restart my SS payments and get my premiums deducted from these SS payments. My main question is, will my rate in 2012 and beyond revert to the base rate for those who are having their premiums deducted from their SS checks, or will I have a permanently higher base rate?
Ha