Medicare Your Coverage Options

What’s the Medicare premium in 2015?

Written by Diane Archer
It wasn’t that long ago that the Medicare premium was the same for everyone regardless of income, geography or health status, a quarter of the cost of Part B services. (Medicare Part A, hospital insurance, is premium-free if you have contributed into Social Security for at least 40 quarters.)  But back in 2003, Congress decided to impose higher premiums on wealthier people with Medicare. And, today, individuals earning more than $85,000 a year and couples earning more than $170,000, about 6 percent of the Medicare population, pay higher premiums than everyone else with Medicare. So, what’s the Medicare premium in 2015?

The Medicare premium in 2015 is $105 for almost 48 million people, 25 percent of program costs.  It’s a lot more for the 2.9 million people with incomes over $85,000.  People earning between $85,000 and $107,000 pay $147 a month in premiums or 35 percent of program costs.  And people earning more than $214,000 pay $336 in monthly Part B premiums, 80 percent of program costs.

People with incomes up to 135 percent of the federal poverty level, ($1,345 in monthly income for an individual and $1813 for a couple) are eligible for help paying their premiums through Medicaid or a Medicare Savings Program.  For more information visit Medicare Interactive.

Click here for the Medicare premium in 2016.



1 Comment

  • Call your local hospital and ask there~ Or siplmy try the yellow pages..Each doctor has limits on how many medicaid/medicare patients that they accept because especially medicaid has such a poor pay back for them~Medicaid and medicare will cover the costs of surgery, although there MAY be a co-pay that he might have to cover, it all depends on what types of services he receives..(doctors of any specialty can refuse to take medicaid/medicare clients just by saying that they aren’t taking on any new patients, so, be PATIENT yourself! Also, does he have a primary care doctor? If so, he/she may have to send a referral anyhow, so check there first!References : Most hospitals have a fund for low income folks, although they most often do NOT advertize this~ask a social worker or billing clerk at the hospital that your dad goes to~they will be able to tell you. (funds often come from people in the community-you know how you see name plaques on the walls at many hospitals? this is because they have either donated $ themselves, ir someone did so in their name, and most likely one of these famies have donated towards a slush fund’ for the folks that cannot pay for medical bills/and/or insurance.Hope that this helps a bit! Good luck! Was this answer helpful?

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