Most of us know the Year 2012 Part B premium across the Board regardless of enrollment date is $99.90. Part B premiums pay for the cost of physicians' services, outpatient hospital services, certain home health services, durable medical equipment, and some other items (drugs administered by infusion, for example). Also remember the Part B premium must be paid in order to be a Medicare Advantage Plan participant.
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.
Deductible
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.
Contact information
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
Spanish: (866) 665-9668 begin_of_the_skype_highlighting (866) 665-9668 end_of_the_skype_highlighting
TTY: (303) 894-7880
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.
Deductible
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.
Contact information
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
Spanish: (866) 665-9668 begin_of_the_skype_highlighting (866) 665-9668 end_of_the_skype_highlighting
TTY: (303) 894-7880
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