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Medicare's income-related premiums under current law and changes for 2019

Series Title(s):
Issue brief (Henry J. Kaiser Family Foundation)
Author(s):
Cubanski, Juliette, author
Neuman, Tricia, author
Contributor(s):
Henry J. Kaiser Family Foundation, issuing body.
Publication:
San Francisco, CA : Henry J. Kaiser Family Foundation, October 2018
Language(s):
English
Format:
Text
Subject(s):
Fees and Charges
Income
Medicare Part B -- economics
Medicare Part D -- economics
Forecasting
Medicare Part B -- trends
Medicare Part B -- trends
Humans
United States
Genre(s):
Technical Report
Abstract:
For several years, Medicare beneficiaries with relatively high incomes have been required to pay income-related monthly premiums for Part B, which covers physician and other outpatient services, and for Part D, which covers outpatient prescription drugs. Most Medicare beneficiaries pay the standard monthly premium, which is set to cover 25 percent of Part B and Part D program costs, but higher-income beneficiaries are required to pay a larger share of program costs. According to the Medicare trustees, in 2017, 3.5 million Medicare beneficiaries paid Part B income-related premiums (6.6 percent of beneficiaries in Part B) and 2.5 million beneficiaries paid Part D income-related premiums (5.6 percent of Part D enrollees). This issue brief describes current requirements with respect to Medicare's Part B and Part D income-related premiums and changes to these premiums that will take effect in 2019, based on a provision in the Bipartisan Budget Act of 2018.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (3 pages))
Illustrations:
Illustrations
NLM Unique ID:
101740394 (See catalog record)
Series Title(s):
Issue brief (Henry J. Kaiser Family Foundation)
Author(s):
Cubanski, Juliette, author
Neuman, Tricia, author
Contributor(s):
Henry J. Kaiser Family Foundation, issuing body.
Publication:
San Francisco, CA : Henry J. Kaiser Family Foundation, October 2018
Language(s):
English
Format:
Text
Subject(s):
Fees and Charges
Income
Medicare Part B -- economics
Medicare Part D -- economics
Forecasting
Medicare Part B -- trends
Medicare Part B -- trends
Humans
United States
Genre(s):
Technical Report
Abstract:
For several years, Medicare beneficiaries with relatively high incomes have been required to pay income-related monthly premiums for Part B, which covers physician and other outpatient services, and for Part D, which covers outpatient prescription drugs. Most Medicare beneficiaries pay the standard monthly premium, which is set to cover 25 percent of Part B and Part D program costs, but higher-income beneficiaries are required to pay a larger share of program costs. According to the Medicare trustees, in 2017, 3.5 million Medicare beneficiaries paid Part B income-related premiums (6.6 percent of beneficiaries in Part B) and 2.5 million beneficiaries paid Part D income-related premiums (5.6 percent of Part D enrollees). This issue brief describes current requirements with respect to Medicare's Part B and Part D income-related premiums and changes to these premiums that will take effect in 2019, based on a provision in the Bipartisan Budget Act of 2018.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (3 pages))
Illustrations:
Illustrations
NLM Unique ID:
101740394 (See catalog record)