 |
|
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
|
:: |
|
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
:: |
|
|
:: |
|
|
:: |
|
|
|
As of January 1, 2007, Your Part B Premium is Based on Your Income
Most people will pay the standard monthly Part B Premium . However, some people will pay a higher premium based on their modified adjusted gross income. Your monthly premium will be higher if you file an individual tax return and your annual income is more than $80,000, or if you are married (file a joint tax return) and your annual income is more than $160,000. These amounts change each year. For the 2007 premium amount in your income range, see Your 2007 Monthly Premiums for Medicare.
If you file an individual tax return and your income is above $80,000, or if you are married and file a joint tax return and your income is above $160,000, Social Security will use the income reported two years ago on your IRS income tax return to determine your premium (if unavailable, SSA will use income from three years ago).
For example, the income reported on your 2005 tax return will be used to determine your monthly Part B premium in 2007. If your income has decreased since 2005, you can ask that the income from a more recent tax year be used to determine your premium, but you must meet certain criteria. At the end of each year, Social Security will send you a letter if your Part B premium will increase based on the level of your income and to tell you what you can do if you disagree.
For more information about Part B premiums based on income, call Social Security at 1-800-772-1213. TTY users should call 1-800-325-0778.
|
|
|
(Primary Source: Centers for Medicare and Medicaid Services - Medicare and You Handbook 2007. This content may have been added upon by Q1Group LLC to include further examples, explanations, and links.)
|
|
|
|
Last updated on: 07/18/2008
|
|
|
|
|
|
