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1-800-777-5765 / (617) 964-4849

Turning age 65 brings opportunities and responsibilities that can be confusing and difficult to understand. With Social Security benefits and Medicare, several decisions need to be made:

    1. Should I (can I) stay on my current health insurance plan?
    2. What do I need to sign up for with Social Security?
    3. Are there penalties if I don't comply?
    4. What do I do about a Medicare Supplement plan?
    5. If I go on Medicare for my health insurance, what does my spouse need to do?
    6. What do I do about dependent children in need of health insurance?
Medicare Resources
Medicare.gov
What's Important in 2018
Top 5 Medicare Myths
When & how to sign up for Part A & Part B
Medicare Vs. Medicaid
Medicare Supplement Enrollments Vary By States (article)
Medicare Hospice Benefits
Medicare at Age 65

We will be happy to discuss your situation and help you through the maze. Give us a call at (800) 777-5765 or (617) 964-4849 or complete the form below. We can assist you, regardless of what state you live in.

Policy For IRMAA Medicare Part B And Prescription Drug Coverage Premiums Sliding Scale Tables

The income-related monthly adjustment amount (IRMAA) sliding scale is a set of statutory percentage-based tables used to adjust Medicare Part B and Part D prescription drug coverage premiums. The higher the beneficiary’s range of modified adjusted gross income (MAGI), the higher the IRMAA. There are three sets of tables. Use the beneficiary’s tax filing status when using the table.

The IRMAA screens contain a calculator that takes all the IRMAA determination factors such as filing status, sliding scale, and premium year into account to provide an estimate to the beneficiary upon request. (See Income Related Monthly Adjustment Amount Calculator (IRCA)) MS T2PE 008.013.

Medicare Part B And Part D Prescription Drug Coverage For Year 2020 IRMAA Tables

 

Single, head–of–household, or qualifying widow(er) with dependent child tax filing status

If MAGI in 2018 (or 2017 if 2018 is not available) was: Then the Part B Premium* is: Prescription Drug Coverage Premium** is:
More than $87,000 but less than or equal to $109,000 $202.40 $12.20 + Plan premium
More than $109,000 but less than or equal to $136,000 $289.20 $31.50 + Plan premium
More than $136,000 but less than or equal to $163,000 $376.00 $50.70 + Plan premium
More than $163,000 but less than $500,000

Greater than or equal to $500,000
$462.70

$491.60
$70.00 + Plan premium

$76.40 + Plan Premium

 

Married filing jointly tax filing status

If MAGI in 2018 (or 2017 if 2018 is not available) was: Then the Part B Premium* is: Prescription Drug Coverage Premium** is:
More than $174,000 but less than or equal to $218,000 $202.40 $12.20 + Plan premium
More than $218,000 but less than or equal to $272,000 $289.20 $31.50 + Plan premium
More than $272,000 but less than or equal to $326,000 $376.00 $50.70 + Plan premium
More than $326,000 but less than $750,000

Greater than or equal to $750,000
$462.70

$491.60
$70.00 + Plan premium

$76.40 + Plan Premium

 

Married filing separately tax filing status

If MAGI in 2018 (or 2017 if 2018 is not available) was: Then the Part B Premium* is: Prescription Drug Coverage Premium** is:
More than $87,000 but less than $413,000

Greater than or equal to $413,000
$462.70

$491.60
$70.00 + Plan premium

$76.40 + Plan Premium