However, this premium amount is means tested and so the premium is increased by $40 if your individual provisional income (including tax exempt income) exceeds $85,000 or your joint return provisional income exceeds $170,000.
The premium amount is increased by $99.90 if your individual provisional income exceeds $107,000 or your joint return provisional income exceeds $214,000.
The premium amount increases by $219.80 if your individual provisional income exceeds $214,000 or your joint return provisional income exceeds $428,000.
Also, the Part B premium across the entire senior population covers approximately one-fourth of the average cost of Part B services incurred by beneficiaries aged 65 and over, with a contingency reserve built in.
There is a deductible, $140, for all Part B enrollees. The amount is indexed annually. The amount is often overlooked especially by those having a medicare supplemental plan (“Medigap”), and not relevant to those receiving benefits under a Medicare Savings Plan (“MSP”). In the Denver metropolitan area contact your local SHIP (“Senior Health Insurance Plan”) office for information regarding MSP income/resource qualifications.
Toll Free: (888) 696-7213 begin_of_the_skype_highlighting (888) 696-7213 end_of_the_skype_highlighting
Local: (303) 629-4940 begin_of_the_skype_highlighting (303) 629-4940 end_of_the_skype_highlighting
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TTY: (303) 894-7880