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.

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.

Conclusion

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.

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