Medicare Part B Premiums Rise Modestly In 2019, Except For Hefty New Hit To Highest Earners

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The Centers for Medicare & Medicaid Services has announced Medicare Part B premiums for 2019, and the basic premium increases modestly from $ 134 to $ 135.50 a month. Yet high earners are still getting used to a big bump in income-related overloads that kicked in this year. This means that the wealthiest senior couples will be paying over $ 11,000 a year in Medicare Part B premiums. Part B (cover and overload) covers doctors' and outpatient services.

The CMS announcement comes just after yesterday's Social Security Administration's COLA announcement: a 2.8% cost of living adjustment for 2019. The average Social Security benefit for a retired worker by $ 39 a month to $ 1,461 in 2019. The small increase in Part B premiums Most people will get the benefit of the COLA Social Security (Part B premiums are deducted from monthly Social Security checks).

While most Medicare recipients will pay the new $ 135.50 standard monthly premium, an estimated 2 million (3.5%) will pay less because of a "hold harmless" provision that limits certain beneficiaries' increase in their share in their Social Security benefits.

Then there's the 5% of Medicare recipients who have to pay income-related overcharges. The graduated surcharges for high-income senior citizens in the United States and the United States. An individual earning more than $ 85,000, but less than or equal to $ 107,000, will pay $ 189,60 in total a month for Part B premiums in 2019, including a $ 54.10 overhead. That's barely up from 2018: $ 187.50 total in a month, including a $ 53.50 surcharge.

By comparison, the wealthiest retirees – singles with $ 500,000 of income and couples with $ 750,000 of income – will see a 10.3% increase in their income-related surcharge from $ 294.60 in 2018 (when they were part of the greater than $ 160,000 / $ 320,000) group) to $ 325 in 2019. Total premiums for this group will be $ 460.50 a month in 2019 ($ 11,052 a year).

The income-related premium surcharges, including the $ 500,000-plus group, apply to Part D premiums for drug coverage too.

Here are the official numbers of the CMS release, what you'll pay per month for 2019 ):

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The Centers for Medicare & Medicaid Services has announced Medicare Part B premiums for 2019, and the basic premium increases modestly from $ 134 to $ 135.50 a month. Yet high earners are still getting used to a big bump in income-related overloads that kicked in this year. This means that the wealthiest senior couples will be paying over $ 11,000 a year in Medicare Part B premiums. Part B (cover and overload) covers doctors' and outpatient services.

The CMS announcement comes just after yesterday's Social Security Administration's COLA announcement: a 2.8% cost of living adjustment for 2019. The average Social Security benefit for a retired worker by $ 39 a month to $ 1,461 in 2019. The small increase in Part B premiums Most people will get the benefit of the COLA Social Security (Part B premiums are deducted from monthly Social Security checks).

While most Medicare recipients will pay the new $ 135.50 standard monthly premium, an estimated 2 million (3.5%) will pay less because of a "hold harmless" provision that limits certain beneficiaries' increase in their share in their Social Security benefits.

Then there's the 5% of Medicare recipients who have to pay income-related overcharges. The graduated surcharges for high-income senior citizens in the United States and the United States. An individual earning more than $ 85,000, but less than or equal to $ 107,000, will pay $ 189,60 in total a month for Part B premiums in 2019, including a $ 54.10 overhead. That's barely up from 2018: $ 187.50 total in a month, including a $ 53.50 surcharge.

By comparison, the wealthiest retirees – singles with $ 500,000 of income and couples with $ 750,000 of income – will see a 10.3% increase in their income-related surcharge from $ 294.60 in 2018 (when they were part of the greater than $ 160,000 / $ 320,000) group) to $ 325 in 2019. Total premiums for this group will be $ 460.50 a month in 2019 ($ 11,052 a year).

The income-related premium surcharges, including the $ 500,000-plus group, apply to Part D premiums for drug coverage too.

Here are the official numbers of the CMS release, what you'll pay per month for 2019 ):