Medicare Rules for Higher Income Beneficiaries

Changes in Medicare law affect how monthly premiums are calculated for both Medicare Part B premiums, as well as Medicare Prescription Drug (Part D) premiums. To determine if the member will pay higher premiums, Social Security will use the most recent federal tax return information (so generally, for the 2011 premium, the 2010 filing is used, using income earned in 2009.) A sliding scale will be used to make the adjustments.

Higher Part D premiums will be calculated by, and collected by, Social Security (NOT the Plan Sponsor.) The premium surcharge will be withheld from the beneficiary's Social Security payments.

Depending on income, the premium surcharge could be as high as $69.10 per month, on top of the plan premium. For more information, click here.

Here’s the link to the “click here”, if you need to use it in this form. http://www.thebrokerageinc.com/admin/document_administration/document.cfm?DocumentID=608

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