What Will You Pay for Medicare in 2019?

What Will You Pay for Medicare in 2019?

What Will You Pay for Medicare in 2019?
 

For more information on costs and benefits related to Social Security and Medicare, visit ssa.gov and medicare.gov.

Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2019 if you're enrolled in Original Medicare (Part A and Part B).

Medicare Part B premiums

According to the Centers for Medicare & Medicaid Services (CMS), most people with Medicare who receive Social Security benefits will pay the standard monthly Part B premium of $135.50 in 2019. However, if your premiums are deducted from your Social Security benefits, and the increase in your benefit payments for 2019 will not be enough to cover the Medicare Part B increase, then you may pay less than the standard Part B premium.

People with higher incomes may pay more than the standard premium. If your modified adjusted gross income as reported on your federal income tax return from two years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA), which is an extra charge added to your premium, as shown in the following table.

You filed an income tax return for 2017 with income that was: You filed a joint income tax return for 2017 with income that was: You filed an income tax return for 2017 as married filing separately with income that was: Monthly premium in 2019 including any IRMAA is:
$85,000 or less $170,000 or less $85,000 or less $135.50
Above $85,000 up to $107,000 Above $170,000 up to $214,000 N/A $189.60
Above $107,000 up to $133,500 Above $214,000 up to $267,000 N/A $270.90
Above $133,500 up to $160,000 Above $267,000 up to $320,000 N/A $352.20
Above $160,000 and less than $500,000 Above $320,000 and less than $750,000 Above $85,000 and less than $415,000 $433.40
$500,000 and above $750,000 and above $415,000 and above $460.50

 

Other Medicare costs

Other Medicare Part A and Part B costs in 2019 include the following:

  • The annual Medicare Part B deductible for Original Medicare is $185.
  • The monthly Medicare Part A premium for those who need to buy coverage will cost up to $437. However, most people don't pay a premium for Medicare Part A.
  • The Medicare Part A deductible for inpatient hospitalization is $1,364 per benefit period. An additional daily coinsurance amount of $341 will apply for days 61 through 90, and $682 for stays beyond 90 days.
  • Beneficiaries in skilled nursing facilities will pay a daily coinsurance amount of $170.50 for days 21 through 100 in a benefit period.

 

Patel Wealth Strategies, Inc. is a marketing name for securities and advisory services offered through FSC Securities Corporation, Member FINRA/SIPC and a Registered Investment Advisor.  Insurance services offered through Michelle Patel are independent of FSC Securities Corporation. This communication is strictly intended for individuals residing in the state(s) of AZ, CA, CO, IL, IA and WA. No offers may be made or accepted from any resident outside the specific states referenced.

 

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.

*Securities and advisory services offered through FSC Securities Corporation, member FINRA, SIPC and a registered investment advisor.  Traditional/Fixed insurance offered through Moveo Financial Group, Inc which is not a broker dealer or investment advisor, and is not affiliated with FSC Securities Corporation.  2260 East Brown Road #6W Mesa, AZ 85213.  480-275-5219.  Michelle L. Patel is registered in the following states: Arizona, California, Colorado, Illinois, Iowa, and Washington.

This communication is strictly intended for individuals residing in the states where the registered representative is registered to conduct securities business. No offers may be made or accepted from any resident outside the specific state(s) referenced.

IMPORTANT CONSUMER INFORMATION

A Broker/dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker/dealer, investment adviser, BD agent, or IA registration requirements as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion. For information concerning the licensing status or disciplinary history of a broker/dealer, investment, adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.

PLEASE NOTE: The information being provided is strictly as a courtesy.  When you link to any of the web sites provided here, you are leaving this web site.  We make no representation as to the completeness or accuracy of information provided at these web sites.  Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site.  When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

Website Design For Financial Services Professionals | Copyright 2019 AdvisorWebsites.com. All rights reserved