Retirement Partners LLC Blog |
Medicare has released its prices for 2021
Medicare Part A
Part B Deductible $203 Medicare Supplement High F, G, & J Deductible - $2370
Plan K Out-of-Pocket Limit - $6,220 Plan L Out-of-Pocket Limit - $3,110 Plan N Co-Payments
Medicare Part B Premium The standard Part B premium for 2021 will be $148.50. Most people will pay the standard amount. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard amount and an income related Monthly Adjustment Amount (IRMAA). This is an extra charge added to your premium. Filing Individual tax returns Above $88,00 up to $111,000 = 207.50 Above $111,000 up to $138,000 = $297.00 Above $138,000 up to $165,000 = $386.10 Above $165,000 but less $500,000 = $475.20 $500,000 or more = $504.90 Filing Joint Tax Returns Above $176,000 up to $222,000 = $207.90 Above $222,000 up to $276,000 = $297.00 Above $276,000 up to $330,000 = $386.10 Above $330,000 buy less $750,000 = $475.20 $750,000 and above = $504.90 Let us know if you have any questions. Rob Davies 800-254-5200
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March 2021
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