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Friday, December 09, 2011

What will be the basic Medicare Part B Premium in 2012?

In 2012, the basic Medicare Part B premium will rise to $99.90 per month, up from the current amount of $96.40. But this will be an apparent reduction for seniors who first enrolled in 2010 or 2011.

Higher Income seniors will still have to pay a significantly larger Part B premium if their modified adjusted gross incomes for 2010 exceeded $170,000 for married filing joint taxpayers and $85,000 for single filing taxpayers.

Furthermore, another burden on Higher Income Seniors will be that they will also "owe a surcharge on Part D premiums for coverage of their Prescription drug costs."

Click here to read more about it.

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