SS_Medicare_flipbook_2017 - page 21

Adjusted gross income for
single filers
Adjusted gross income for
joint filers
Part B
monthly premium
Part D
monthly premium
$85,000 or less
$170,000 or less
$134.00*
Your plan premium
Above $85,000 up to $107,000 Above $170,000 up to $214,000
$187.50
$13.30 + your plan premium
Above $107,000 up to $160,000 Above $214,000 up to $320,000
$267.90
$34.20 + your plan premium
Above $160,000 up to $214,000 Above $320,000 up to $428,000
$348.30
$55.20 + your plan premium
Above $214,000
Above $428,000
$428.60
$76.20 + your plan premium
Medicare Part B and Part D Monthly Premiums (2017)
(based on AGI for 2015 tax year)
Out-of-Pocket Costs
A 65-year-old couple without employer-provided
health coverage could expect to pay about
$260,000
for medical care during retirement,
typically allocated across these three categories.*
Source:
Forbes
, November 1, 2016
Medicare premiums for
medical and prescription
drug coverage
Prescription drug
expenses not covered
by Medicare Part D
Copays, coinsurance,
deductibles, and benefits
not covered by Medicare**
*The $260,000 estimate for medical care does not include costs for
dental care, over-the-counter drugs, or long-term care.
**Items not covered by Medicare include vision and hearing exams,
eyeglasses, and hearing aids.
36%
24%
40%
Source:
Forbes
, November 1, 2016
*Because the Medicare Part B premium increased more than the Social Security COLA for 2017, some beneficiaries
protected by the hold-harmless provision will pay less ($109, on average) for Part B in 2017.
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