2019 Medicare Premium Schedules

Medicare

Curious what you may pay for original parts of Medicare in 2019? Well, we’ve compiled Part B and D premium schedules, which are based on your income. These amounts can change from time to time, and usually coincide with the Cost of Living Adjustment provided by Social Security Administration. Which usually means that the raise you just got from SSA just went to pay for your increased premiums.

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Medicare Part B Premium Schedule

Medicare beneficiaries can find this updated 2019 Part B premium schedule. If you find that 2017 may have been a great year as far as your income goes, however, now you’re in retirement and not reportedly making as much income, you may be interested in finding out how to appeal your Part B premium through Social Security.

If your yearly income in 2017 was You pay (in 2019)
File individual tax return File joint tax return File married & separate tax return
$85,000 or less $170,000 or less $85,000 or less $134
above $85,000
up to $107,000
above $170,000
up to $214,000
not applicable $187.50
above $107,000
up to $133,500
above $214,000
up to $267,000
not applicable $267.90
above $133,500
up to $160,000
above $267,000
up to $320,000
not applicable $348.30
above $160,000 above $320,000 above $85,000 $428.60

If you have questions about your Part B premium, call Social Security
at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late
enrollment penalty, these amounts may be higher.

It’s likely that if you’re paying a higher Part B premium, you’ll also be affected by an increase in your Part D plan pricing as well.

Mediare Part D Premium Schedule

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.

If your yearly income in 2016 was You pay (in 2018)
File individual tax return File joint tax return File married & separate tax return
$85,000 or less $170,000 or less $85,000 or less You plan premium
above $85,000
up to $107,000
above $170,000
up to $214,000
not applicable $13.00 + your plan premium
above $107,000
up to $133,500
above $214,000
up to $267,000
not applicable $33.60 + your plan premium
above $133,500
up to $160,000
above $267,000
up to $320,000
not applicable $54.20 + your plan premium
above $160,000 above $320,000 above $85,000 $74.80 + your plan premium

If you have questions about your Part B premium, call Social Security
at 1-800-772-1213. TTY users can call 1-800-325-0778. If you pay a late
enrollment penalty, these amounts may be higher.

The Center’s for Medicaid & Medicare (CMS), the entity which oversees Medicare, has announced declines in Part D Premiums twice within the last two years. Read more in the official press release.

Conclusion

The reality is that if you’re a high income earner, you may be paying significant premiums in retirement. While on the other hand, if you’re a low income earner, you may qualify for extra help and not pay any Part B or D premiums. If you think you may qualify for Medicare Extra Help, check out this article.

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