What numbers are changed for the 2019 calendar year?
Here is a grid detailing the changes:
The standard Part B Premium amount is $135.50 in 2019 (an increase of $1.50 from $134 in 2018). It can be higher depending on your income.
Medicare uses your modified adjusted gross income reported on your tax return from 2 years ago to determine your Part B premium. Here is the Medicare Part B premiums, based off income:
Medicare Part D Prescription Drug Plans also have an additional amount added, based off income:
How does a Part D Prescription Drug Plan work? See an example below showing how the Donut Hole is reached.
Have questions on your situation and how the above changes relate to you and your coverage? Please contact me and I will be glad to review and answer answer any questions you may have.