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|
up to $107,000
up to $214,000
|not applicable||$13.00 + your plan premium|
up to $133,500
up to $267,000
|not applicable||$33.60 + your plan premium|
up to $160,000
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.
It’s likely that if you’re paying a higher Part D premium, you’ll also be affected by an increase in your Part B plan pricing as well. Find the 2018 Part B pricing schedule here.
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.