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

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Other Resources:

Medicare Supplement Chart

Medicare Part D Plans

PA State Medigap Plans

Other State Medigap Plans

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