The Centers for Medicare & Medicaid Services (CMS) announced the 2019 premiums and deductibles for the Medicare Part A and Part B programs. Following are highlights of the changes.
Medicare Part A - Premium and Deductible
Medicare Part B - Premium and Deductible
Beneficiaries who file individual tax returns with income:
Beneficiaries who file joint tax returns with income:
Income-related monthly adjustment amount
Total monthly premium amount
≤ $85,000
≤ $170,000
$0.00
$135.50
> $85,000 and
≤ $107,000
> $170,000 and
≤ $214,000
$54.10
$189.60
> $107,000 and
≤ $133,500
>$214,000 and
≤ $267,000
$135.40
$270.90
> $133,500 and
≤ $160,000
>$267,000 and
≤ $320,000
$216.70
$352.20
>$160,000 and <500,000
>$320,000 and <$750,000
$297.90
$433.40
≥ $500,000
≥ $750,000
$325.00
$460.50
For high-income beneficiaries who are married and lived with their spouse at any time during the taxable year, but file a separate return, the Medicare Part B premiums in 2019 are:
Amount of Income
> $85,000 and <$415,000
≥ $415,000
The monthly premium for Medicare Advantage (Part C) and Part D coverage vary by the selected plan. For 2019, the estimated Medicare Advantage average monthly premium will decline by $1.81 to $28.00 from 2018. The basic Part D premium is also expected to fall from $33.59 in 2018 to $32.50 in 2019. Additional information about these limits was released earlier this year.
Further details about Medicare’s premium and deductibles is available from Medicare’s 2018 and 2019 Costs at a Glance, and a CMS Fact Sheet.
The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.