Medicare Card and Social Security Card Number Information
2018
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Will my Medicare Part B premiums increase
in 2018?
Most Medicare
beneficiaries will continue to pay the same $96.40 or $110.50 Part
B premium amount in 2018. Beneficiaries who currently have the
Social Security Administration (SSA) withhold their Part B premium
and have incomes of $85,000 or less ($170,000 or less for joint
filers) will not have an increase in their Part B premium for
2018. For additional details, see our FAQ titled:
For all others, the
standard Medicare Part B monthly premium will be $115.40 in 2018,
which is a 4.4% increase over the 2018 premium. The Medicare Part B
premium is increasing in 2018 due to possible increases in Part B
costs. If your income is above $85,000 (single) or $170,000 (married
couple), then your Medicare Part B premium may be higher than $115.40
per month.
Social Security will
use the income reported two years ago on your IRS income tax return to
determine your premium (if unavailable, SSA will use income from three
years ago). For example, the income reported on your 2009 tax return
will be used to determine your monthly Part B premium in 2018. If your
income has decreased since 2009, you can ask that the income from a
more recent tax year be used to determine your premium, but you must
meet certain criteria.
The chart below shows the Part B
monthly premium amounts based on income. These amounts change each
year. There may be a late-enrollment penalty.
If you are having
trouble paying your premiums, you should call your State Medical
Assistance (Medicaid) office to see if you qualify for some help. Some
states refer to the Medicaid office as the Public Aid office, the
Public Assistance office, or the State Medical Assistance office.
INCOME RELATED
MONTHLY ADJUSTMENT AMOUNT (IRMAA)
The Internal Revenue
Service supplies your tax filing status, your adjusted gross income,
and your tax-exempt interest income to the Social Security
Administration to determine if you have an income related monthly
adjustment amount (IRMAA). The Social Security Administration will add
your adjusted gross income together with your tax-exempt interest
income to get an amount called the modified adjusted gross income
(MAGI).
The income-related
monthly adjustment amount is effective from January 1 through December
31 each calendar year. The Social Security Administration will
refigure your Medicare Part B premium amount again next year when the
Internal Revenue Service updates the information.
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Table 1: Part B Monthly
Premium |
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Beneficiaries who file an
individual tax return with income |
Beneficiaries who file a
joint tax return with income |
Your 2018 Part B Monthly Premium Is |
If Your Yearly Income Is |
$96.40 if beneficiary had SSA
withhold in 2009
$110.50 if beneficiary was new in 2018 and had
SSA withhold
$115.40 for all others |
$85,000 or less |
$170,000 or less |
$161.50
(increased by $46.10 due to IRMAA) |
$85,001-$107,000 |
$170,001-$214,000 |
$230.70
(increased by $115.30 due to IRMAA) |
$107,001-$160,000 |
$214,001-$320,000 |
$299.90
(increased by $184.50 due to IRMAA) |
$160,001-$214,000 |
$320,001-$428,000 |
$369.10
(increased by $253.70 due to IRMAA) |
Above $214,000 |
Above $428,000 |
Table 2: Part B Monthly
Premium
Beneficiaries who are married, but file a separate tax
return from their spouse and lived with his or her spouse
at some time during the taxable year |
Your 2018 Monthly Premium is |
Beneficiaries who
are married but file a separate tax return from his or her spouse |
$96.40 if beneficiary had SSA
withhold in 2009
$110.50 if beneficiary was new in 2018 and had
SSA withhold
$115.40 for all others |
$85,000 or less |
$299.90
(increased by $184.50 due to IRMAA) |
$85,001-$129,000 |
$369.10
(increased by $253.70 due to IRMAA) |
Above $129,000 |
The following is a listing of the
Medicare premium, deductible, and coinsurance rates that will be in
effect in 2018:
Medicare Premiums for 2018:
Part A: (Hospital
Insurance) Premium
-
Most people do not pay a
monthly Part A premium because they or a spouse has 40 or more
quarters of Medicare-covered employment.
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The Part A premium
is $254.00 per month for people having 30-39 quarters of
Medicare-covered employment.
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The Part A premium is
$461.00 per month for people who are not otherwise eligible for
premium-free hospital insurance and have less than 30 quarters of
Medicare-covered employment.
Part B: (Medical
Insurance) Premium
Most beneficiaries will
continue to pay the same $96.40 premium amount in 2018.
Beneficiaries who currently have the Social Security Administration (SSA)
withhold their Part B premium and have incomes of $85,000 or less (or
$170,000 or less for joint filers) will not have an increase in their
Part B premium in 2018.
For all others, the
standard Medicare Part B monthly premium will be $110.50 in 2018,
which is a 15% increase over the 2009 premium. The Medicare Part
B premium is increasing in 2018 due to possible increases in Part B
costs. If your income is above $85,000 (single) or $170,000
(married couple), then your Medicare Part B premium may be higher than
$110.50 per month. For additional details, see the FAQ titled: "2018
Part B Premium Amounts for Persons with Higher Income Levels".
Medicare
Deductible and Coinsurance Amounts for 2018:
Part A:
(pays for inpatient hospital, skilled nursing facility, and some home
health care) For each benefit period Medicare pays all covered costs
except the Medicare Part A deductible (2018 = $1,100) during the first
60 days and coinsurance amounts for hospital stays that last beyond 60
days and no more than 150 days.
For each benefit
period you pay:
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A total of $1,100 for a
hospital stay of 1-60 days.
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$275 per day for days
61-90 of a hospital stay.
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$550 per day for days
91-150 of a hospital stay (Lifetime Reserve Days).
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All costs for each day
beyond 150 days
Skilled Nursing
Facility Coinsurance
Part B:
(covers Medicare eligible physician services, outpatient hospital
services, certain home health services, durable medical equipment)
Additional information
about the Medicare premiums, deductibles, and coinsurance rates for
2018 is available in the October 16, 2009 Fact Sheet titled, "CMS
Announces Medicare Premiums, Deductibles for 2018" on the www.cms.gov website.
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