Medicare Part B Costs

[wallyg]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

3. Substantially Higher Part B Premiums in 2007 As Medicare Means Testing Starts

For the first time in Medicare's history, millions of seniors will be required to pay substantially more for their Medicare Part B premiums than other seniors next year. In 2007 the government will begin "income relating," or means testing. Higher income seniors will have to pay more for their doctors' services and outpatient coverage. The change, which comes as part of the 2003 Medicare drug legislation, could affect as many as 2.3 million seniors according to estimates by the Congressional Budget Office (CBO). To read the rest of this article, click the following: http://www.tscl.org/NewContent/102589.asp.

[wallyg]

TRICARE USER FEE UPDATE 07: Under the administration’s proposed budget, the annual Tricare fees described in DoD’s FY 2007 budget proposal would be indexed to the Federal Employees Health Benefits Program effective 1 OCT 08. The Air Force Sergeants Association (AFSA) says this would gobble up COLA raises and more. For example, AFSA says by 2013 a married senior NCO on Tricare Prime would be paying more than $1,071 per year over current rates. A married E-6 in Tricare Standard would be paying $451 a year by 2013. Deductibles for all enlisted members in Tricare standard would balloon from $185 (single) and $370 (families) to $298 and $596 respectively. In a notice to its members AFSA declares the administration plan for military health care increases would significantly degrade the value of the current military retirement benefit by taking an increasing amount of dollars out of the pockets of retirees with no end in sight to the reduction of benefits. They say the Bush administration's plan is reprehensible and the increases for military retirees under age 65, their dependents, and survivors would change retirees lives forever.

[Guest Dataman]

I don't think many on VA Disability make 160k a year. We can only Wish.

Income

Monthly Premium in

Individuals

Married Couples

2006

2007

2008

2009

Under $80,000 Under $160,000 $88.50 $100.40 $113.90 $129.20

$80,000 - $100,00 $160,000 - $200,000 $88.50 $113.30 $141.30 $180.90

$100,000 - $150,000 $200,000 - $300,000 $88.50 $133.30 $190.00 $258.40

$150,000 - $200,000 $300,000 - $400,000 $88.50 $153.30 $235.50 $335.90

Above $200,000 Above $400,000 $88.50 $173.30 $281.10 $413.40

Means testing of the Part B premium was one of the most controversial

Edited March 1, 2006 by Dataman

[Railroader]

Is that what you actually have coming in per year from all sources or what your net worth is of both in which case it would make a huge difference as you may have a high net worth and have little coming in for tax purposes.