What does Medicare Cost in 2015?
Medicare Part A (Hospital Insurance) Costs
Part A Monthly Premium
Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $426 each month.
Medicare Part B (Medical Insurance) Costs
Part B Monthly Premium - Standard Premium - $104.90*
*Most people will pay the standard premium amount. However, if your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you may pay more. You pay a Part B premium each month.
Hospital Stay
In 2015, you pay
-
$1,260 deductible per benefit period (Was $1,216)
-
$0 for the first 60 days of each benefit period
-
$315 per day for days 61–90 of each benefit period (was $304)
-
$630 per “lifetime reserve day” after day 90 of each benefit period(up to a maximum of 60 days over your lifetime) was $608
-
Skilled Nursing Facility Stay
In 2015, you pay
-
$0 for the first 20 days of each benefit period
-
$157.50 per day for days 21–100 of each benefit period (was $152)
-
All costs for each day after day 100 of the benefit period
Other Commom Medicare Cost for Medicare Beneficiaries
FILE INDIVIDUAL TAX RETURN
$85,000 or less
above $85,000 up to $107,000
above $107,000 up to $160,000
above $160,000 up to $214,000
above $214,000
FILE JOINT TAX RETURN
$170,000 or less
above $170,000 up to $214,000
above $214,000 up to 320,000
above $320,000 up to $428,000
above $428,000
FILE MARRIED & SEPARATE
TAX RETURN
$85,000 or less
N/A
N/A
above $85,000up to $129,000
above $129,000
YOU PAY
(IN 2014)
$104.90
$146.90
$209.80
$272.70
$335.70
If you have questions about your Part B premium, call Social Security at 1‑800‑772‑1213. TTY users should call 1-800-325-0778. If you pay a late enrollment penalty, these amounts may be higher.
Part B Deductible - $147.00 (2015)
Medicare Advantage Plans (Part C) and Medicare Prescription Drug Plans (Part D) Premiums
Part D Monthly Premium
The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, (In 2013) you will pay an income-related monthly adjustment amount in addition to your plan premium (In 2015).
**YPP - Your Plan Premium - This is the premium charged by the plan provider for the plan you choose in which to enroll.
2014 Part D National Base Beneficiary Premium—$32.42
This figure is used to estimate the Part D late enrollment penalty and the income-relatedmonthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year. See your Medicare & You handbook or visit Medicare.gov for more information.
For more information about Medicare costs, visit Medicare.gov.
YOU PAY
(IN 2015)
YPP*
$12.30 + YPP
$31.80 + YPP
$51.30 + YPP
$70.80 + YPP
FILE INDIVIDUAL TAX RETURN
$85,000 or less
above $85,000 up to $107,000
above $107,000 up to $160,000
above $160,000 up to $214,000
above $214,000
FILE JOINT TAX RETURN
$170,000 or less
above $170,000 up to $214,000
above $214,000 up to 320,000
above $320,000 up to $428,000
above $428,000
FILE MARRIED & SEPARATE
TAX RETURN
$85,000 or less
N/A
N/A
above $85,000up to $129,000
above $129,000