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Medicare Taxes |
Total Funds Allocated |
Medicare taxes pay for your Part A Medicare hospital benefits.
Employers and employees pay these taxes.
Taxes you paid in the past provided benefits to others.
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The Centers for Medicare and Medicaid Services allocates
approximately $800 or more each month per Medicare recipient
to pay Medicare benefits. The amount varies by geographic
region on a yearly basis. |
Medicare Part B Premium Medical Insurance
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Not Enough Dollars |
A Medicare Part B premium is withheld from your Social
Security check each month. This pays for part of your Part B medical benefits.
If you were eligible for Medicare prior
to January 1, 2010, your part B will be $96.40 for 2010.
If you are new to
Medicare in 2010, your premium will be $110.50.
If you have a higher income,
your Part B premium will be higher (see next section).
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Medicare funds are not designed to cover all of your medical
care costs.
Additional medical expense coverage can be purchased to cover PART
of your other medical care costs. |
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Medicare Part B Income-Related Premium for Higher-Income Beneficiaries |
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The 2010 Part B monthly premium rates to be paid by beneficiaries
who file an individual tax return (including those who
are single, head of household, qualifying widow(er)
with dependent child, or married filing separately who
lived apart from their spouse for the entire taxable
year), or joint tax return are: |
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Beneficiaries who file an individual tax return with
income:
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Beneficiaries who file a joint tax
return with income:
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Income-related monthly adjustment amount
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Total monthly premium amount
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Less than or equal to $85,000
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Less
than or equal to $170,000
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$0.00
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$110.50
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Greater than $85,000 and less than or equal to $107,000
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Greater than $170,000 and less than or equal to
$214,000
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$44.20
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$154.70
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Greater
than $107,000 and less than or equal to
$160,000
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Greater
than $214,000 and less than or equal to
$320,000
|
$110.50
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$221.00
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Greater
than $160,000 and less than or equal to
$214,000
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Greater
than $320,000 and less than or equal to
$428,000
|
$176.80
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$287.30
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Greater
than $214,000
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Greater
than $428,000
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$243.10
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$353.60
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In addition, the monthly premium rates to be paid by beneficiaries
who are married, but file a separate return from their
spouse and lived with their spouse at some time during
the taxable year are: |
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Beneficiaries who are married but file a separate tax
return
from their spouse:
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Income-related monthly adjustment amount
|
Total monthly premium amount
|
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Less than or equal to $85,000
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$0.00
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$110.50
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Greater than $85,000 and less than or equal to $129,000
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$176.80
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$287.30
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Greater than $129,000 |
$243.10
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$353.60
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Government General Revenues |
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The Part B premium you pay covers approximately 1/4th
the cost of providing Part B medical benefits.
General revenues of the federal government provide
for the balance of Part B benefits.
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Medicare Supplemental Insurance Options in Specific States |
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For insurance options in other states
Please enter your two letter state
code |
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